US President Donald Trump meets other world leaders at Germany's G20 summit from Friday, with North Korea's first successful test of an intercontinental ballistic missile casting a long shadow over the gathering at the heavily-fortified venue.
Also looming over the gold price are the minutes of June's Fed meeting, which many awaiting for news about the Fed's plans for further interest rate hikes this year, Reuters reported.
China pledged to reduce the country's annual steel capacity by as much as 150 million tons before 2020, but the country remains the world's largest steel producer and accounts for almost half of the globe's total steel production. Trump announced Friday that had called on South Korea to "stop enabling the export of dumped steel". In its communique, the G-20 pledged renewed efforts to combat excess capacity in the steel industry, one of the officials said.
"There is no doubt that this entire line of trade remedy actions regarding national security matters is going to be an issue", said Jacob Kirkegaard, a senior fellow with the Peterson Institute for International Economics.
"There is a danger that the summit will lead to polarisation between the USA and other countries" on climate change and other issues, warned Oxford Analytics economist Adam Slater.
While the policy recommendations of those probes haven't been announced, some USA businesses are feeling pretty good about what those protectionist policies might do for them.
The European Union has pointed proudly at a wide-ranging trade deal with Japan, concluded just Thursday, as a retort to Trump's protectionist inclinations.
Prime Minister Justin Trudeau's government has been privately assured by the US that Canada won't be affected by any steel measures, according to a Canadian government official, who spoke on condition of anonymity.
"The EU is a traditional and reliable steel supplier of the U.S., the EU member states concerned are North Atlantic Treaty Organisation partners of the U.S. There is therefore no justification for targeting any steel supplies from the EU", Eurofer said.
- According to a new report, President Trump's aggressive stance on global trade may be working in America's favor.
"Should the USA introduce tariffs on European steel imports, Europe is ready to react immediately and adequately", European Commission President Jean-Claude Juncker told reporters Friday ahead of the two-day summit of leaders from major industrial and emerging-market nations.
World leaders forged a fragile compromise at a summit in Germany that did not hide the reality that Donald Trump's America is increasingly going its own way. Enacting Section 232 also may violate World Trade Organization rules.
The road would head towards the Bhutan army camp and would come in the way of distinguishing a boundary between India and China. Sikkim, which became a part of India in May 1976, is the only state which has a demarcated border with China.
An evacuation standby has been put in place for the roughly 40 homes in the Gold Hill neighborhood. [Updated: June 5, 7:25 p.m. The Summit County Emergency Management said over 450 homes were ordered to evacuate, but no homes have been destroyed.
On the inventory side, USA oil inventories fell by 0.8 per cent MoM in June to 509.2 million but were 3.1 per cent higher YoY. In a separate note on Wednesday, Goldman cut its WTI forecast for the next three months by $7.50 a barrel to $47.50.
Fast forward to 2017 and even though he says his battle for the overall is now on hold, Thomas is hoping for a better result. He now leads Thomas by 12sec on the overall classification standings, with Italian Fabio Aru a further two adrift in third.
The bomb had a "devastating" impact and gouged out a section of the concrete floor of Manchester Arena in the heart of the city. Manchester police were not immediately able to confirm the comments, which were made at a media briefing.
The Toffees may also conduct further business with Burnley this summer after reports talks have opened over striker Andre Gray. Burnley are resigned to losing one of their top performers of last season, with Keane entering the final year of his contract.
Prayers and support for Charlie have been flooding in from across the world, including from Pope Francis and U.S. A USA doctor and a Catholic hospital in Italy both offered to care for Charlie if he can be transferred.
And true to form, " Joey the jaws" did not disappoint! Both he and Stonie are from San Diego, California. Meanwhile, for those who find this sort of hot dog overindulgence objectionable, you're not alone.
Trump eyes swift United Kingdom trade deal
The US will want to know what access its companies and banks in Britain will have to the rest of the EU. But her language on a deal with the U.S. was notably more modest than Trump's.
Canada awards Obama-released Gitmo terrorist $10.5M
Khadr's camp has won several legal victories arguing his Charter rights were breached, including at the Supreme Court level. He said he rejects violent jihad and wants a fresh start to finish his education and work in health care.
Nintendo Switch App Launches July 21
Using the app, you'll be able to send invites via social media networks and messaging services which actually sounds interesting. Nintendo has been rather reticent in allowing online services due to security concerns regarding youthful players.
Game To Rob Kardashian: "Put The Phone Down Homie"
Things just got even uglier in the Blac Chyna and Rob Kardashian feud, and it looks like lawyers may be getting involved. He accused her of taking drugs and having plastic surgery after the birth of Dream last November.
Air Asia X plane makes Emergency landing in Brisbane
The Airbus, which was carrying 345 passengers and 14 cabin crew, flew for another hour before landing safely in Brisbane . As the mid-air confusion unfolded, the pilot ordered passengers to turn off all electrical devices and cameras.
New Jersey government shuts down in budget standoff
Democratic Assembly Speaker Vincent Prieto opposes the bill and refuses to consider it for a vote, leading to a stalemate. I will not tax them anymore and in my budget overall taxes were decreased. "I've been coming here for 18 years".
Navy destroyer sails near disputed island claimed by China
So by sailing within that distance of Triton, the Stethem dismissed China's claim to both the island and the waters around it. The destroyer came within 12 miles of Triton Island - which is claimed by China - much to the fury of Beijing.