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Dollar Rallies as Trade Optimism Grows, Yen Weakens on BOJ Outlook, Focus Shifts to U.S. Jobs Data

The U.S. dollar extended its recovery on Thursday, posting broad gains as optimism grew over potential tariff agreements between Washington and several of its key trading partners. While trading volumes were thinner due to the May Day holiday across many global markets, the greenback saw renewed technical buying after being …

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Oil Prices Edge Higher on China Trade Talk Hopes, But Weekly Losses Loom Amid Demand Concerns

Oil prices gained ground in Asian trading on Friday as signs of a potential thaw in U.S.-China trade tensions revived some optimism in the energy markets. China’s Commerce Ministry said it was open to engaging in trade discussions with the United States, helping crude rebound from recent losses. At 02:11 …

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Oil Prices Steady After Sharp Drop as Market Eyes Saudi Output and U.S. Recession Risk

Oil prices held steady on Thursday following a steep decline, as investors weighed Saudi Arabia’s willingness to tolerate lower prices, a potential increase in OPEC+ production, and weak U.S. economic data pointing to recession risks. Brent crude futures slipped 6 cents, or 0.1%, to $61.00 a barrel by 07:30 GMT. …

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Gold Falls for Third Straight Session as Trade Talk Hopes Erode Safe-Haven Appeal

Gold prices slumped further in Asian trading on Thursday, falling for a third consecutive session, as renewed optimism around potential U.S. trade deals sapped safe-haven demand for the precious metal. Spot gold fell 1.5% to $3,240.30/oz, while June futures lost 2.1% to $3,248.64/oz—marking their lowest levels since mid-April. 🔍 Key …

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Gold Slips, But Still Set for Fourth Straight Monthly Gain Amid Trade Optimism and Key U.S. Data Awaited

Gold prices extended their decline on Wednesday as improved sentiment around U.S. trade policy and tariff relief reduced demand for safe-haven assets. Still, the precious metal remains on track for a nearly 6% monthly gain in April, marking its fourth consecutive monthly rise. Spot Gold: ↓ 0.4% to $3,305.10/oz Gold …

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