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XAU/USD attempts Descending Triangle breakout near ,070

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.In European trade, the WTI Oil price turns positive to near $82.65 after recovering early losses, but corrected sharply after registering a fresh monthly high at $84.42.Lower oil prices ease inflation…

Finance news

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Taylor Farms highlighted an FDA mistake. PR veterans say it muddied the message.

Taylor Farms is facing a fast-moving public health crisis, and communications veterans say its latest messaging has muddied an already confusing situation.The major food supplier said Sunday that the FDA had retracted a positive cyclospora test involving its lettuce, calling it a false positive. The cyclospora parasite has sickened thousands…

Business

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Trump administration imposes 50% tariff on select Canadian imports

The Trump administration on Monday announced it will impose a 50% tariff on certain Canadian imports, citing what officials called trade “discrimination” against American businesses. The duties will take effect Aug. 19 under the Tariff Act of 1930 and target a range of Canadian goods, including certain food products, wearables, synthetic…

Markets

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Investing

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