Trump confirms China deal
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President Donald Trump's eventful week included securing a preliminary trade deal with China, deploying National Guard troops to Los Angeles, and responding to Israel's strikes on Iran.
The U.S. trade "deal" with China highlights how dependent Americans are on Chinese rare earth minerals, creating an economic vulnerability.
Global equity funds attracted net inflows for the first time in four weeks in the week through June 11, driven by a benign U.S. inflation report and developments on a U.S.-China trade deal, though simmering Middle East tension tempered investor interest.
While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs.
Economists saw progress in trade talks on the rare earth issue between the United States and China as a positive sign in moving toward a longer-term deal that would settle financial markets and
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Gold prices firmed on Wednesday as investors stayed cautious amid lingering uncertainty over the U.S.-China trade truce and waited for key U.S. inflation data for clues on the Federal Reserve's interest rate trajectory.