India HSBC Manufacturing PMI came in at 57.7 below forecasts (57.8) in January

Feb 3, 2025

Gold price drifts lower as USD jumps closer to two-year top after Trump’s new tariffs

Gold price (XAU/USD) attracts heavy selling at the start of a new week and moves away from a fresh all-time peak, around the $2,717 region touched on Friday.

Beijing prepares its opening bid to discuss trade with Trump

Reuters has reported, citing unnamed sources, that Beijing is preparing an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration, indicating that China is keen to begin trade discussions.