Busiest US seaport takes hit from 145pc China tariffs, worries remain

LOS ANGELES, June 14 (Reuters): Imports to the busiest US seaport at Los Angeles dropped 9 per cent year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump's 145 per cent tariffs on China by canceling or putting holds on shipments,...

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Gold could hit $4,000/oz in next 12 months: BofA

Bank of America sees a path for gold to rally to $4,000 per ounce over the next 12 months, noting that the deficit, interest rates, and the US dollar will be key factors, reports Reuters.Market concerns over fiscal sustainability are unlikely to fade no matter the result of Senate negotiations,...

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Coffee plunges to 10-month low

NEW YORK, June 14 (Reuters): Robusta coffee futures on ICE hit a 10-month low on Friday amid good harvest progress in Indonesia and Brazil and improved prospects in top grower Vietnam, while sugar hit a fresh four-year low despite Israel's attack on Iran.The attack sent oil prices surging, raising energy...

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