Xi Jinping likely has power to sway Iran

Xi Jinping likely has power to sway Iran

US President Donald Trump said on Thursday that China’s leader Xi Jinping likely has power to sway Iran, adding that he’s not going to be much more patient on the Iran, Reuters reported on Friday. Earlier Thursday, Trump stated that China’s leader Xi Jinping had offered to help negotiate an end to the war with […]

Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat

Pound Sterling slips through 1.35 as the Labour crisis tops a UK GDP beat

GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows. The Pound Sterling came under heavy pressure on […]

Gold slides as strong USD, US-China summit dent haven demand

Gold slides as strong USD, US-China summit dent haven demand

Gold (XAU/USD) retreats by some 0.25% during the North American session on Thursday as tensions in the Middle East remain high, while the US-China summit is underway, with President Donald Trump meeting Chinese President Xi Jinping. At the time of writing, the XAU/USD pair trades at $4,678. XAU/USD falls as resilient US data boosts Dollar […]