By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce…
PARIS (Reuters) -There is room for another rate cut by the European Central Bank by the summer, ECB policymaker Francois Villeroy de Galhau said in a French newspaper group interview on Tuesday. Villeroy – who is also head of the Bank of France – said the United States would likely see an uptick in inflation…
(Reuters) -S&P Global affirmed Israel’s long- and short-term foreign and local currency sovereign credit ratings at “A/A-1” and warned that prolonged or intensified military conflict could negatively impact its economic, fiscal and balance of payments performance. Israel’s resumed military operations in Gaza, along with ongoing military activities in neighboring Lebanon and Syria, continue to elevate…
(Reuters) -Mosaic beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business. The results come as the agrichemical industry braces for potential fallout from U.S. President Donald Trump’s sweeping tariffs on most imports, which are expected to lower demand and curb farmers’ spending. Mosaic’s fertilizer business in South…
