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Gold prices climb as tariff jitters lift safe-haven demand

June 2 (Reuters) – Gold prices climbed on Monday as an escalation in the Russian war in Ukraine and U.S. President Donald Trump’s fresh threat to double tariffs on imported steel and aluminum prompted investors to seek refuge in safe-haven bullion. Spot gold was up 0.7% at $3,311.33 an ounce, as of 0416 GMT. U.S. gold futures rose 0.6% to $3,335.40. Trump said on Friday that he plans to raise tariffs on imported steel and aluminum to 50% from 25%, prompting the European Commission to warn that Europe is prepared to retaliate. “With trade and geopolitical worries bubbling to the

Sensex tanks 762 points in early trade, Nifty drops to 24,538 level on weak Asian market trends

Mumbai, Jun 2 (PTI) Benchmark equity indices Sensex and Nifty on Monday morning tumbled following weak trends in Asian markets and renewed global trade concerns. Moreover, foreign fund outflows also dented investors’ sentiment, experts noted. The 30-share BSE Sensex tanked 762.24 points to 80,688.77 in early trade. The NSE Nifty dropped 212.25 points to 24,538.45. From the Sensex firms, HDFC Bank, HCL Tech, Reliance Industries, Infosys, Tech Mahindra, Bajaj Finance, Larsen & Toubro, Titan, Tata Consultancy Services and Tata Steel were among the biggest laggards. Hindustan Unilever, Adani Ports, Mahindra & Mahindra, IndusInd Bank and Nestle were among the gainers.

Rupee rises 12 paise to 85.43 against US dollar in early trade

Mumbai, Jun 2 (PTI) The rupee appreciated by 12 paise to 85.43 against the US dollar in early trade on Monday on the back of a weak American currency and favourable macroeconomic data that fuelled hope of a further reduction in key interest rate in the RBI’s upcoming monetary policy. However, a volatile equity market, outflow of foreign funds and higher crude oil prices amid global trade related uncertainties weighed on the Indian currency, according to forex traders. Analysts also said that market participants will be closely monitoring key macroeconomic announcements for further cues. RBI’s Monetary Policy Committee (MPC) will

Conservative Karol Nawrocki wins Poland’s presidential election

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Presidential candidate Karol Nawrocki, a conservative historian backed by the right-wing Law and Justice party addresses supporters at his headquarters after the presidential election runoff in Warsaw, Poland, Sunday, June 1, 2025. (Photo: AP)

WARSAW, Poland (AP): Conservative Karol Nawrocki won Poland’s weekend presidential runoff election, according to the final vote count on Monday. Nawrocki won 50.89% of votes in a very tight race against liberal Warsaw Mayor Rafał Trzaskowski, who received 49.11%. The race had Poland on edge since a first round of voting two weeks earlier, revealing deep divisions in the country along the eastern flank of NATO and the European Union. An early exit poll released Sunday evening suggested Trzaskowski was headed to victory before updated polling began to reverse the picture a couple of hours later. The role of a

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