Gold climbed 1 percent on Thursday, recouping some losses from the previous session after Federal Reserve’s hawkish signals, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and provided support.

US President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States.

Chinese automakers are speeding into right-hand-drive markets from Australia to Southeast Asia, challenging long-dominant Japanese car companies with premium electric vehicles aimed at affluent consumers as growth at home slows.

Crude fell more than one percent Thursday

Electric cars are getting cheaper, more efficient and can travel farther than ever. China is driving the transition, but Europe and other countries are catching up fast

Oil prices rose more than 1 percent Wednesday after US President Donald Trump threatened ‌to resume bombing Iran if it didn’t “behave”, but remained near three-month lows as the International Energy Agency warned of excess supply next year.

Britain’s annual inflation rate was unchanged at 2.8 percent in May as higher petrol prices caused by the US-Iran war were offset by lower food costs, official data showed Wednesday.

Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the Middle East war, the International Energy Agency said Wednesday.

The dollar held steady against most major peers on Wednesday ahead of the Federal Reserve’s first policy decision under chair Kevin Warsh, which could see some volatility as investors adjust to a new style of policy making and communication.

The European Union’s trade deficit with China is growing, prompting Brussels to take protective measures against everything from electric vehicles to e-commerce platforms and deepening fears of a trade war.

Crude has tumbled more than 10 percent this week on optimism for a lasting agreement between the two countries

Myanmar’s inflation spiked to nearly 25 percent as shocks from the Middle East conflict compounded the effects of the country’s civil war, the World Bank said Tuesday.

The Bank of Japan lifted its key policy rate to a 31-year high of 1.0 percent on Tuesday, warning of the risk of heightening inflation risks stemming from elevated crude oil prices due to the Middle East conflict and the weak yen.

Oil prices slid to fresh three-month lows on Tuesday as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and scant details on a preliminary deal to end the Iran war.

Never bet against Donald Trump? The oil market appears to have made a risky wager from day one of the Iran war: The US president would not allow the conflict to spiral into a full-blown economic crisis. So traders wouldn’t price one in, no matter what was happening with physical supplies. It was a risky call, but it proved correct.

Revenue collection would be the main test of the budget’s credibility

The 0.6 percent year-on-year drop in May, revealed by the National Bureau of Statistics, was a big miss compared with the 0.2 percent forecast in a Bloomberg survey

Brent crude futures fell 25 cents, or 0.3 percent, to $82.92 a barrel

Gold rose more than 2 percent on Monday after US and Iran officials said they had reached an initial agreement to end their war, pushing oil prices lower and easing concerns about inflation and higher interest rates.

The US dollar traded around a 10-day low against other major currencies on Monday as a preliminary agreement to end the war between the US and Iran sent oil prices tumbling and boosted demand for riskier assets.