Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices.
Mexico
China Imports Tumbled in May, Holding Up Trade Deal With China Ahead of G-20
Gold Silver Reports ✔ – President Donald Trump – It’s me right now that’s holding up the deal,” Trump said at the White House before he left on a trip to Iowa. “And we’re going to either do a great deal with China or we’re not going to do a deal at all.”
Trump to focus on border ‘Crisis,’ seek support for wall in TV address
Gold Silver Reports (GSR) – Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.
India Growth Forecast Cut by Fitch Amid RBI-Government Spat
Economic growth may become a casualty of the tug-of-war between India’s government and its central bank.
Gold Slides Alongside Equities as Dollar Climbs – Gold Silver Reports
Gold fell alongside equity markets on Monday partly in response to gains in the dollar which is benefiting from a run of strong U.S. economic data reinforcing expectations of further interest rate rises.
NAFTA Is No More – New Trade Deal Breaks Trade Deadlock – GSR
Its trade we speak about yet again but this time it’s due to a trade deal rather than tariffs. Finally, over the weekend Canada and the US reached an agreement that will change the market outlook for the week.
Trump says Steel and Aluminum Tariffs will Remain – Gold Silver Reports
Trump: “If we can’t make deal with the EU, tariffs will be imposed on cars.”
Trump says will keep steel, aluminum tariffs on mexico, canada unless they can do something like quotas
Gold Up But on Path for Longest Monthly Losing Streak in Two Decades – GSR
Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the U.S. dollar firmed against the euro after Italy’s budget jitters threatened the European currency.
Trump tweeting – Our new Trade Deal with Mexico … It will be a big hit! – Gold Silver Reports
Trump tweeting – Our new Trade Deal with Mexico … It will be a big hit! Our new Trade Deal with Mexico focuses on FARMERS, GROWTH for our country, tearing down TRADE BARRIERS, JOBS and having companies continue to POUR BACK INTO OUR COUNTRY. It will be a big hit!