China wants to see a number of steps from President Donald Trumpβs administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese governmentβs thinking.Gold climbed above $3,248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. The precious metal has climbed more than 20% this year as an escalating trade war creates anxieties over the prospect of a global recession.Β Leading banks remain optimistic about goldβs prospects over the coming quarters, as Goldman Sachs has forecasted that prices will rally to $4,000 an ounce by mid-2026. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. Chapters: 00:00:00 – Opening Trade 00:01:36 – UK Inflations Rises 00:04:38 – China Economy Grows More than Expected 00:10:18 – Fed Chair Powell Speaks 00:12:00 – Ukraine Minerals Deal: US Softens Stance 00:13:05 – Harvard, Trump Saga 00:13:17 – No Recession This Year: Bank of America 00:15:18 – Trump Tariffs: Stock Futures Drop 00:25:11 – Treasuries Gain 00:36:49 – China GDP Forecast Cut 00:46:10 – European Markets Open: ASML, Chip Stocks Fall 01:03:16 – ASML Earnings Miss 01:06:18 – Nvidia Reveals New China Chip Curbs 01:16:07 – Copper Price 01:22:36 – Gold Price at All-Time Highs 01:27:57 – Trump Tariffs: EU, US Talks Make Little Progress 01:32:36 – Expect ECB Rate Cut: Vanguard ——– More on Bloomberg Television and Markets
