Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
In a continuation of the toughened stance against trade practices, even after the Mid-term outcome, the U.S. Commerce Department has initiated investigations on imports certain Chinese and Indian goods. Yesterday, the Commerce Department announced that it is looking into imports of polyester textured yarn from China &India, as a petition was filed by a group of companies; Unifi Manufacturing, Inc. and Nan Ya Plastics Corp. America.
According to the petition, the companies are complaining that exporters from China and India are dumping the product at a margin ranging from 74.98 to 77.15 percent and 35.14 to 202.93 percent, respectively.
The petition also alleges the existence of 20 subsidy programs in China and 43 subsidy programs in India such as tax incentives, the provision of low-priced inputs, grants, and loan subsidies benefiting the exporters.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 245 percent more than the previous administration.
