China’s exports of rare earth magnets fell in September, reigniting fears that the world’s top supplier could wield its dominance over a component key for US defence firms and makers of items from cars to smartphones as leverage in trade talks.

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so.

Russian oil has been one of the main irritants for Trump in prolonged trade talks with India

Gross domestic product in the July-September quarter expanded 4.8 percent year-on-year

Spot gold was up 0.3 percent at $4,259.34 per ounce

The head of the World Trade Organization said she is urging the US and China to de-escalate trade tensions, warning that a decoupling by the world’s two largest economies could reduce global economic output by 7 percent over the longer term.

Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival on Saturday, fuelled by hopes that the precious metal’s glittering rally would continue, industry officials told Reuters.

US President Donald Trump signed an order Friday to extend an arrangement that allowed automakers to reduce tariffs paid on imported vehicle parts.

Experts give the credit to higher remittance earnings and export growth

From tomorrow, each bhori of 22-carat gold will cost Tk 217,381

“Inflation is always and everywhere a monetary phenomenon.” Milton Friedman’s famous dogma looks increasingly quaint today.

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

Spot gold was down 2.6 percent at $4,211.48 per ounce

Beijing last week announced sweeping controls on the critical rare earths industry

Spot gold was up 0.2 percent at $4,217.39 per ounce

Its new chief executive announced Thursday

Gold extended its rally to breach $4,200-per-ounce for the first time on Wednesday on expectations of more US interest rate cuts, while broader economic and geopolitical uncertainty also led investors to buy the safe-haven metal.

China has opened a new front in the epic maritime battle with the US: the capital market. Beijing matched Washington’s port fees but is targeting entities with American ownership. That might hit major firms with New York-traded stock. How the rules are enforced will matter, but China is showing it will defend its shipping dominance even at the risk of disrupting global trade.

Bangladesh now has 114 platinum-rated, 135 gold-rated, 15 silver-rated, and four certified factories

His comments came shortly after he appeared to soothe rising temperatures between Washington and Beijing