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⭕ Oil prices fell 2.2% to $66 a barrel as investors refocused on concerns that US tariffs will create economic headwinds that will reduce fuel demand growth.
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Oil prices rose on Monday, but remained affected by uncertainty surrounding trade talks between the US and China, which is casting a shadow over global growth prospects and fuel demand, while the possibility of OPEC+ increasing supplies has increased market pessimism. #CryptoAMA #OilMarket #oil #OilIndustry #OilBoom
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🟡 Gold prices fell on Monday, as investors' appetite for risk increased due to easing trade tensions between the US and China, weakening demand for safe-haven assets such as the precious metal. Meanwhile, a stronger dollar increased pressure on gold. 🟨 Spot gold fell 0.7% to $3,290.06 per ounce. The yellow metal had hit a record high of $3,500.05 on April 22. #CryptoAMA #newsdaily #InformedInvesting #market_tips #Market_Update
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📚 [Quick Facts]: • Trump is considering partial tariff waivers for automakers. • The Beige Book: "Tariffs" was mentioned 107 times! The economic outlook has deteriorated significantly in many regions. • The Knot: It's appropriate to take a neutral political stance as shocks continue to unfold. • New home sales in the US rose in March, exceeding expectations, led by gains in the South. • US tariff revenues surged more than 60% in April, reaching at least $15 billion. #CryptoAMA #newsdaily #InformedInvesting #market_tips #Market_Update
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⭕ US Treasury Secretary Scott Besant expects the trade escalation between Washington and Beijing to slow, while President Donald Trump announced that the hefty tariffs he imposed on Chinese exports to his country will be reduced "significantly." ⏪ During a closed-door meeting in Washington organized by JPMorgan Chase, Besant emphasized that the current trade situation between Washington and Beijing is unsustainable for both parties, according to what one of the attendees told Agence France-Presse. ⏪ The current trade situation the US Secretary is referring to is an additional 145% tariff imposed by the United States on its imports of Chinese products and a retaliatory 125% tariff imposed by China on its imports of US goods. #CryptoAMA #MarketRebound #BinanceAlphaAlert #TrumpVsPowell #USStockDrop
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🔴 China confirmed on Wednesday that it is ready to enter into trade talks with Washington, a day after US President Donald Trump indicated he was willing to reduce the hefty tariffs he imposed on it after reaching an agreement. 📌 Chinese Foreign Ministry spokesman Guo Jiakun said at a press conference in Beijing that "China has indicated from the beginning that no party will emerge victorious in trade and tariff wars," adding that "the door is wide open to talks." #CryptoAMA #newsdaily #InformedInvesting #market_tips #tradesafely
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