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Gold market outlook: Prices to stay firm next week; risk aversion, weak dollar to fuel gains

Gold prices are expected to remain firm in the upcoming week, supported by heightened global risk aversion, sustained weakness in the US dollar index, and a series of trade-related developments as key supporting factors, analysts said.They further added that investors will be focusing on key US data releases, including Consumer Price Inflation (CPI) and retail…

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EU-Indonesia deal: ‘Political agreement’ sealed; free trade pact to be finalised by September

European Union president Ursula von der Leyen and Indonesian President Prabowo Subianto on Sunday announced a “political agreement” to finalise a long-anticipated free trade deal, as US President Donald Trump disrupts global trade with sweeping tariff threats.“We’re living in turbulent times and when economic uncertainty meets geopolitical volatility, partners like us must come closer together….

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India’s Russian oil imports hit 11-month high in June; refiners stock up amid Middle East conflict: Report

NEW DELHI: India’s crude oil imports from Russia surged to an 11-month high in June, as domestic refiners ramped up purchases to bolster inventories amid heightened geopolitical tensions between Israel and Iran, analysts said.Russian crude imports to India stood at 2.08 million barrels per day (bpd) in June, reaching the highest level since July 2024,…

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