EUR/USD
1.16978
0.137%
Gold
3452.39
1.034%
Oil
63.700
-0.573%
USD/JPY
146.956
0.020%
GBP/USD
1.35148
0.024%
GBP/JPY
198.605
0.048%
Real-time News
On August 30, the Neue Zürcher Zeitung newspaper reported that Switzerlands gold industry organization opposes relocating some operations to the United States as a way to mitigate the trade imbalance between the two countries and aid tariff negotiations. The 39% tariffs imposed by the United States on Switzerland are harming Swiss businesses and the broader economy, and the Swiss government is seeking to persuade President Donald Trump to lower them. Some have suggested that relocating gold refining capacity to the United States might be a way to appease Trump. Christoph Wild, president of the Swiss Association of Precious Metals Producers and Traders, stated that the government "should not make hasty decisions." He also stated that Switzerlands large gold export surplus in late 2024 and early 2025 was an anomaly, largely due to traders shipping gold to the United States in advance to avoid potential tariffs.Rosneft CEO: Global oil market oversupply is expected to be 2.6 million barrels per day in the fourth quarter and will fall to 2.2 million barrels per day in 2026.Ukrainian President Zelensky: Moscow used the preparation time for the leaders meeting to launch an attack and called for energy and banking sanctions.According to the Wall Street Journal on August 30, as economists fretted over Trumps relentless pressure on the Federal Reserve in August, US markets sent a different message: "Let the good times roll." Artificial intelligence-related stocks sold off on Friday ahead of the long weekend, but this wasnt enough to derail the stock markets monthly gains. The S&P 500 rose 1.9% in August, the Nasdaq rose 1.6%, and the Dow Jones Industrial Average rose 3.2%. Weak economic data and the muted impact of tariffs on prices so far have given investors more confidence that the Federal Reserve will cut interest rates at next months meeting. Meanwhile, Trumps efforts to keep Fed officials supportive of low interest rates have fueled hopes that further rate cuts may be imminent. Economists warn that a Fed more susceptible to the White Houses influence is more likely to overcut rates, ultimately driving up inflation. If Augusts performance is any indication, the stock market is treating this possibility as a tomorrows worry.Ukraines air force said Russia launched 537 drones and 45 missiles in the nighttime raids.