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Gold hits record, stocks slip as Trump fuels Fed fears
Gold hits record, stocks slip as Trump fuels Fed fears
Economy
by  AFP

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. The rush for safety saw gold hit yet another record above $3,457, and while the dollar steadied after the previous day's selloff, it remained under pressure against its major peers.

Woe is the pinata, a casualty of Trump trade war
Woe is the pinata, a casualty of Trump trade war
Economy
by  AFP

The humble pinata has become one of the latest targets to take a whacking in US President Donald Trump's trade war. - Many enemies - The service sector is not immune either to Trump's trade war, and neither are his supporters.

Trump tariffs torch chances of meeting with China's Xi
Trump tariffs torch chances of meeting with China's Xi
Economy
by  AFP

With his storm of tariffs on Chinese goods, US President Donald Trump has torched ties with Beijing and likely wrecked any hope of meeting his counterpart Xi Jinping in the near term, analysts say. Ali Wyne, a senior research and advocacy adviser focusing on US-China ties at the International Crisis Group think tank, said neither Trump nor Xi "will want to convey that he has yielded to the other".