For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.
U.S. national debt exceeds $21 trillion for the first time in history.
Donald Trump's request , for China to reduce its trade deficit with the United States by $200 billion over two years is a major political challenge.
Recently, gold prices have risen largely due to geopolitical uncertainty, complicated trade negotiations between the United States and China, and the relatively stable dollar.
The famous cryptocurrency Bitcoin drops below $8,000.
The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2 percent would be consistent with the Committee's symmetric inflation objective."
"We have forgotten, as a society, that real goods and services have a real cost."
The House voted to pass a bill to roll back regulations on all but the largest banks.