Goldman Sachs raised its 2025 gold price forecast to a record $3,700 per ounce, citing escalating US-China trade tensions and growing America's economic concerns. This marks the third increase this year, following a March revision to $3,300.
Liquefied natural gas (LNG) imports into Europe are expected to rise by 25% this year as the continent seeks to offset falling pipeline supplies, the International Energy Agency (IEA) reported. The agency also noted that demand in the region could get bigger on adverse weather conditions.
The European Union is set to reopen talks with the United States on increasing liquefied natural gas (LNG) imports, in order to prevent the reintroduction of Donald Trump's tariffs. This information comes from Politico, citing sources within the EU.
CoinMarketCap informs that Bitcoin is expected to rise to $1.8 million by 2035 regardless of a recent decline in its price and decreased investor interest caused by global trade tensions.
The greenback continued to weaken for the fifth consecutive day, despite the delay in imposing US tariffs on imports of some electronics. Additionally, the gauge of the dollar volatility remains near a record high level over the past two years.
According to a Bloomberg survey, inflation growth in the eurozone is expected to be slower than previously forecasted due to higher US tariffs. This corresponds to the plans of the European Central Bank to cut interest rates this week.
During Asian trading session this morning, contracts tied to US stock indices rose on the Donald Trump administration's decision to provide some relief for the electronics sector and exempt its goods from new import tariffs.
Copper rose 0.2% after US President Donald Trump reportedly granted exemptions to his tariffs on some goods. As noted by Bloomberg, this has helped to improve sentiment across financial markets.
According to Ripple CEO Brad Garlinghouse, the XRP has shown the best performance among major cryptocurrencies over the past 90 days. The rally coincided with Ripple agreeing to pay $50 million to the US Securities and Exchange Commission (SEC) as part of a settlement agreement.
Goldman Sachs projects oil prices will be falling until the end of this year and through next year on increasing risk of global recession and a supply hike from OPEC+. WTI and Brent crude will average $59 and $63 per barrel, respectively, through the end of 2025.
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