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Gold price steadies amid U.S.-China trade deal hopes

April 25 (Reuters) – Gold prices steadied on Friday, on track for a third weekly gain, as investors maintained a bullish outlook while closely monitoring developments in the U.S.-China trade negotiations. Spot gold was steady at $3,348 an ounce as of 0250 GMT. U.S. gold futures gained 0.3% to $3,359. “While crowded positioning in gold may warrant a short-term pause, the pullback has so far been limited, as investors continue to view gold as a compelling hedge amid ongoing uncertainty,” said IG market strategist Yeap Jun Rong. U.S. President Donald Trump asserted on Thursday that trade talks between the U.S.

India economic outlook dims further as US tariffs dent business sentiment: Reuters poll

BENGALURU, April 25 (Reuters) – The Indian economy will grow a bit slower than previously thought this fiscal year, according to economists in a Reuters poll who said U.S. tariffs have negatively impacted business sentiment, raising concerns about already weak private investment. Gross domestic product (GDP) growth in the world’s fifth-largest economy is expected to average 6.3% this fiscal year, according to an April 15-24 Reuters poll of 54 economists, the same pace as expected for the year just ended. This fiscal year’s forecast is a downgrade from 6.5% in a March poll but is slightly above the International Monetary

IMF chief urges countries to move ‘swiftly’ to resolve trade tensions that threaten global growth

WASHINGTON, April 24, 2025 (AP) — The head of the IMF (International Monetary Fund) urged countries to move “swiftly’’ to resolve trade disputes that threaten global economic growth. IMF managing director Kristalina Georgieva said the unpredictability arising from President Donald Trump’s aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending. “Uncertainty is bad for business,’’ she told reporters Thursday in a briefing during the spring meetings of the IMF and its sister agency, the World Bank. Georgieva’s comments came two days after the IMF downgraded the outlook for world

What is the Indus Waters Treaty between India and Pakistan?

NEW DELHI/KARACHI, April 24 (Reuters) – India said it would immediately suspend the Indus Waters Treaty with Pakistan as part of measures to downgrade diplomatic ties with its neighbour after militants attacked tourists in Kashmir, killing 26 men. The treaty had survived two wars between the bitter rivals and withstood many twists and turns in diplomatic ties before New Delhi’s decision on Wednesday. WHAT IS THE INDUS WATERS TREATY? The nuclear-armed neighbours disagree over use of the water from rivers that flow downstream from India into the Indus river basin in Pakistan. The use of the water is governed by

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