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Gold heads for weekly loss on stronger dollar

Aug 1 (Reuters) – Gold prices traded flat on Friday, but were on track for a weekly loss as pressure from a stronger dollar outweighed support from trade uncertainty caused by U.S. tariffs. Spot gold was steady at $3,287.65 per ounce, as of 0242 GMT. Bullion is down 1.5% so far this week. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. U.S. gold futures eased 0.3% to $3,337.20. The dollar index hit its highest level since May 29, making gold more expensive for other currency holders. “Gold has

Can you tell if that song AI-generated? Here are some things to check

LONDON, August 1, 2025 (AP) — Is it The Velvet Underground or Velvet Sundown? The fictitious rock group, Velvet Sundown, which comes complete with AI-generated music, lyrics and album art, is stoking debate about how the new technology is blurring the line between the real and synthetic in the music industry, and whether creators should be transparent with their audience. Computer software is widely used in music production, and artificial intelligence is just the latest tool that disc jockeys, music producers and others have added to their production pipeline. But the rise of AI song generators such as Suno and

US official says differences with India cannot be resolved overnight for deal

WASHINGTON, August 1 (Reuters) – Differences between the U.S. and India cannot be resolved overnight to arrive at a trade deal, a senior U.S. official told reporters late on Thursday, citing geopolitical disagreements. WHY IT’S IMPORTANT President Donald Trump said on Wednesday Washington was still negotiating with India on trade after announcing earlier that day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday. The 25% figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries, undermining a strategic partner

While House announces 25% tariff on India, releases list of levies for several countries

New York/Washington, Aug 1 (PTI) The US announced a 25 per cent tariff on India as the White House released an expansive list of duties that Washington will impose on exports from countries around the world. In an Executive Order titled ‘Further Modifying The Reciprocal Tariff Rates,’ President Donald Trump announced tariff rates for nearly 70 nations around the world. A 25 per cent ‘Reciprocal Tariff, Adjusted’ has been imposed on India, according to the list released Thursday. While August 1 was the tariff deadline, the new levies will come into effect from August 7. Trump said in the executive

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