Spot gold prices rose 0. 6% to $3368.39 per ounce, while US gold futures rose 0.5% to $3376. This occurred amid a weakening dollar and expectations regarding trade talks and the Fed meeting.
The UK Secretary of State for Defence will initiate a "50-day campaign" to arm Ukraine at the Ramstein meeting to force Putin to the negotiating table. This initiative supports Donald Trump's proposal for an ultimatum to Russia by September 2.
Brent crude futures rose by 6 cents to $69. 34 per barrel, while US West Texas Intermediate crude gained 17 cents to $67.51. This comes as the impact of new European sanctions on Russian oil supplies is being assessed, alongside concerns about declining demand due to tariffs.
The United States of America will not extend the pause for the introduction of duties, and new tariffs will come into force on August 1. US Secretary of Commerce Howard Lutnick stated that the Trump administration will conclude trade agreements by this date.
Discontent is growing in the White House with Israeli Prime Minister Benjamin Netanyahu over his actions, including strikes on Syria and the shelling of a church in Gaza. American officials believe his behavior could undermine Trump's efforts and is too destructive.
Donald Trump marked the half-year point of his second term, stating that the USA is "the coolest" and "most respected country in the world. " He emphasized significant achievements, including ending wars, and called this period one of the most significant for any president.
US President Donald Trump may meet with Chinese leader Xi Jinping on the sidelines of the APEC event in South Korea. This comes amid attempts by Washington and Beijing to negotiate an end to the tariff war.
Russian dictator's spokesman Dmitry Peskov stated that Vladimir Putin seeks to move the Ukrainian settlement into a peaceful course, but the Kremlin's goals remain unchanged. NSDC Secretary Rustem Umerov proposed the next meeting for next week.
US President Donald Trump confirms his intention to facilitate a peaceful settlement of Russia's war against Ukraine. Kremlin spokesman Dmitry Peskov announced a possible meeting between Trump and Putin to resolve important issues.
Donald Trump's administration considered terminating contracts with SpaceX after a spat between Trump and Elon Musk. A review of the contracts revealed their critical importance to the Department of Defense and NASA, making their cancellation impossible.
Donald Trump called on the US Senate to cancel its summer recess for the urgent approval of six candidates he proposed for positions. Among the nominees are lawyer Emil Bow and former Fox News host Jeanine Pirro.
In South Korea, 10 people died and 9 went missing due to four days of heavy rains and landslides. The most affected area was Sancheong County, where 793.5 mm of precipitation fell.
President Zelenskyy announced agreements with Donald Trump regarding air defense and weapons, which are to be implemented quickly. Ukraine is ready to purchase necessary weapons and export technological Ukrainian weapons, including drones.
Former Brazilian President Jair Bolsonaro has been ordered to wear an electronic bracelet, observe a curfew, and banned from social media due to fears of flight amid an investigation into an attempted coup. He is also prohibited from communicating with his son and foreign diplomats.
The Trump administration is reviewing the schedule for transferring Patriot air defense systems so that Germany can promptly transfer two complexes to Ukraine. The US will accelerate arms supplies to allies who transfer their stocks to Ukraine.
Germany plans to transfer a Patriot air defense system to Ukraine, which is currently being produced by Raytheon. The delivery is expected no earlier than in 6-8 months, as the system is still in production.
The Commander-in-Chief of NATO's European forces, Alexus Hrynkevych, stated that the US and the EU have 18 months to prepare for a possible large-scale military conflict with China and Russia. There is a risk of coordinated aggression, which could lead to a simultaneous attack on Taiwan and NATO countries.
Donald Trump has sued media mogul Rupert Murdoch and two Wall Street Journal journalists. The reason was a publication claiming that Trump sent Jeffrey Epstein a letter with an obscene drawing.
US President Donald Trump hinted at future "great" trade deals that may be announced soon. He also noted that the US is imposing 30% tariffs on goods from the EU and Mexico starting August 1.
US President Donald Trump has signed the GENIUS Act, which regulates cryptocurrencies, particularly stablecoins. The law creates a regulatory framework for digital assets pegged to the US dollar, making them less volatile.
Donald Trump has toughened his demands on the EU, insisting on a minimum duty of 15-20% in a trade agreement. The US is considering reciprocal duties over 10% and threatens 30% tariffs on imports from the EU and Mexico starting August 1.
The presidents of Turkey and Russia discussed the war in Ukraine and the situation in Syria. Erdogan confirmed Turkey's readiness to host a third round of peace talks in Istanbul.
G20 finance ministers in Durban signed a statement on the importance of central bank independence. This happened amid Donald Trump's criticism of US Federal Reserve Chairman Jerome Powell.
China is considering inviting Donald Trump to the September parade commemorating the end of World War II. Vladimir Putin has also confirmed his presence.
Pope Leo XIV called for the protection of places of worship in Gaza after the IDF shelled the Catholic Church of the Holy Family, killing three people. The Pontiff expressed concern about the humanitarian situation and emphasized the need for a ceasefire.
Gold prices rose 0. 4% to $3350.87 per ounce on Friday, while platinum reached its highest level since 2014. The US dollar weakened by 0.4%, and the EU approved the 18th package of sanctions against Russia.
Donald Trump stated that Ukraine should go on the offensive to change the situation on the battlefield. Volodymyr Zelenskyy replied that this is possible with the availability of "the right weapons."
Jaguar Land Rover is postponing the release of new Range Rover and Jaguar electric vehicles for additional testing and to await an increase in demand. Deliveries of the Range Rover Electric will not begin until next year at the earliest, and Jaguar models may also be delayed by several months.
Bitcoin surpassed $120,000 after the US House of Representatives approved three bills for a better regulatory framework for cryptocurrencies. President Trump is preparing to sign an executive order, which is a critical step towards a stable regulatory framework.
The US Congress has passed the first federal law regulating stablecoins, paving the way for wider adoption of this technology. The bill establishes federal oversight for dollar-pegged tokens and could accelerate digital payments.