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China says there are no negotiations with the US over tariffs

BANGKOK, April 24, 2025 (AP) — China on Thursday denied U.S. President Donald Trump’s assertion that the two sides were involved in active negotiations over tariffs, saying that any suggestion of progress in this matter was as groundless as “trying to catch the wind.” China’s comments come after Trump said Tuesday that the final tariff rate on China’s exports would come down “substantially” from the current 145%. “China’s position is consistent and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,”

Gold futures rise Rs 888 to Rs 95,610/10g

New Delhi, Apr 24 (PTI) Gold prices on Thursday jumped Rs 888 to Rs 95,610 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 888 or 0.94 per cent at Rs 95,610 per 10 grams in a business turnover of 17,780 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.92 per cent to USD 3,318.47 per ounce in New York.

Gold soars to a new high as economic uncertainty deepens, what you need to know the gold?

As economic uncertainty deepens worldwide, gold prices have notched more and more record highs. That’s because gold sales can rise sharply when anxious investors seek “safe havens” for parking their money. Gold’s current rally arrives as U.S. President Donald Trump continues to announce new tariffs on economic allies and foes alike, roiling financial markets into volatility and threatening to reignite inflation for families and businesses alike. Recently, the International Monetary Fund said that outlooks for economies worldwide, including the U.S., have significantly worsened in the wake of Trump’s sweeping tariffs and the uncertainty they have created. And Trump’s recent threats

Asia shares trade mixed as uncertainty persists over Trump’s tariff plans

TOKYO, April 24, 2025 (AP) — Asian shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. Japan’s benchmark Nikkei 225 added nearly 0.9% in morning trading to 35,168.80. Australia’s S&P/ASX 200 rose 0.6% to 7,966.50. South Korea’s Kospi lost 0.5% to 2,513.17. Hong Kong’s Hang Seng declined 0.3% to 22,005.16, while the Shanghai Composite gained 0.4% to 3,309.12. Calling Trump’s policy announcements “headline turbulence,” Tan Jing Yi of the Asia & Oceania

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