Gold falls as easing Sino-US trade woes dulls safe-haven appeal

Gold falls as easing Sino-US trade woes dulls safe-haven appeal

Published Wed, May 14, 2025 · 09:25 AM [BENGALURU] Gold prices edged lower on Wednesday (May 14) as softening trade tension between the US and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve’s policy path. Spot gold fell 0.1 per cent to US$3,246.21 an ounce as…

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Trump to rewrite AI chip curbs reviled by Nvidia and US allies

Trump to rewrite AI chip curbs reviled by Nvidia and US allies

[HONG KONG] The Trump administration plans to overhaul regulations on the export of semiconductors used in artificial intelligence (AI), tossing out a Biden-era approach that had drawn strenuous objections from US allies and companies including Nvidia and Oracle. Under the move announced on Tuesday (May 13) by the Commerce Department, the US is rescinding the…

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China’s JD.com beats quarterly revenue estimates

China’s JD.com beats quarterly revenue estimates

[BEIJING] Chinese e-commerce retailer JD.com topped market estimates for quarterly revenue on Tuesday (May 13), in a sign of steady demand even as US tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent years, with a prolonged property sector crisis and high unemployment…

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