United States Monthly Budget Statement registered at $-316B above expectations ($-325B) in May

Jun 11, 2025

US Treasury Secretary Bessent: The US will set a global duty level for de minimis imports

United States (US) Treasury Secretary Scott Bessent hit the newswires on Wednesday, giving his thoughts on the US debt ceiling, and also teased around the idea of the Trump administration introducing a "de minimis" tariff level, which would see US companies find some breathing room on tariffs up to

Gold price rises on soft US CPI, traders price in Fed rate cuts

Gold prices posted modest gains of over 0.22% on Wednesday as the latest inflation report in the United States (US) revealed that prices are cooling. Hence, investors increased their bets that the Federal Reserve (Fed) would resume its easing cycle in September. The XAU/USD trades at $3,327.