Futures Fall As AI Selloff Resumes

India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee One day after vehemently denying speculation that India plans to raise duties on gold and silver imports following ​Prime Minister Narendra Modi's urging people to ​avoid buying ​gold for a year ‌due ⁠to the impact of the Iran war, India did in fact raise import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves. The government has...

Russia Pressing Ahead On Rail Link To Iran & Azerbaijan To Ease Strain On Maritime Routes This week has brought new US attacks on Iranian infrastructure and logistics, including fresh overnight attacks on some half a dozen bridges, and even reports of strikes on rail hubs and airports. The New York Times observes Friday that "Bridges, rail lines, power and water facilities, and other targets in Iran, Kuwait and elsewhere in the Middle East were attacked in airstrikes on Friday as the United States and Iran escalated their weeklong crisis over...

Iranian officials told Vice President JD Vance that President Donald Trump’s lead negotiators, Jared Kushner and Steve Witkoff, were exploiting their role for financial gain.  Drop Site News reported on Wednesday, speaking with an Iranian official who explained the message was conveyed to Vance during a meeting in June. They additionally warned the Vice President […]