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Gold prices saw a dip on Friday, recovering slightly after U.S. inflation data eased. This eased concerns about interest rate hikes by the Federal Reserve. However, gold is still heading for its first weekly decline in ten weeks. Investors are booking profits after a recent record high. Silver also experienced a decline. Platinum and palladium prices also fell.
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In a landmark journey across Asia, President Donald Trump is set to tour Malaysia, Japan, and South Korea, culminating in a significant dialogue with China's Xi Jinping. His mission? To unlock lucrative trade opportunities and reinforce US presence in a region that is increasingly influenced by China.
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European stock markets reached a new peak on Friday. This surge was fueled by lower than anticipated U.S. inflation figures. Hopes for reduced trade friction between the U.S. and China also contributed to the positive sentiment. Investors reacted to a series of company earnings reports. The continent-wide STOXX 600 index saw an increase. Major regional indexes also ended higher.
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News and Media
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