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Gold tops $4,000 for first time as traders pile into safe haven
Gold tops $4,000 for first time as traders pile into safe haven
by  AFP

Gold prices broke $4,000 for the first time Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown. Gold -- long considered a go-to in times of uncertainty -- climbed to a high of $4,006.68 Wednesday, even as the dollar has pushed up against most of its peers in recent days.

Indian garment exporters reel under US tariffs
Indian garment exporters reel under US tariffs
by  AFP

When Donald Trump was elected, Indian garment exporter R.K. Sivasubramaniam thought the new US president would boost business and invested heavily in anticipation of a boom. "We cannot give that much," said Sivasubramaniam, whose desk carries crossed US and Indian flags.

Trump talks up Canada trade deal chances with 'world-class' Carney
Trump talks up Canada trade deal chances with 'world-class' Carney
by  AFP

President Donald Trump said Canadian Prime Minister Mark Carney would be "very happy" after their trade talks at the White House Tuesday, but offered no immediate concessions on lifting steep US tariffs. But Carney, who faced pressure at home to get a deal during his second White House visit since taking power in April, left without any firm promises that tariffs would be lifted.

US stocks edge higher as shutdown drags on
US stocks edge higher as shutdown drags on
by  AFP

Wall Street stocks edged higher early Tuesday, extending an upbeat stretch as markets continue to look past a US government shutdown that has curtailed economic data releases. "Market participants are looking at the government shutdown with an historical lens and saying that in large part, it doesn't affect the market or the economy," said Art Hogan of B. Riley Wealth Management.

German factory orders drop in new blow to Merz
German factory orders drop in new blow to Merz
by  AFP

German industrial orders unexpectedly fell in August, marking a fourth straight month of decline, official data showed Tuesday, the latest blow to the government's efforts to reboot the ailing economy. Analysts surveyed by financial data firm FactSet had predicted an increase of one percent in August.