JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
South Korea and Germany increased funding for joint research programs in the hydrogen energy and artificial intelligence (AI) sectors from $170,000 for a project per year to $225,000.
At the science and industry joint committee teleconference, South Korea's Ministry of Science and ICT and Germany's Federal Ministry of Education and Research agreed on the need for closer tie-ups in those cutting-edge areas.
Hydrogen is touted as a clean energy replacement for fossil fuel, while headway in AI is likely to open new horizons.
The two countries are also contemplating closer cooperation in mobile telecommunications, treating various degenerative illnesses, promoting energy conversion, and developing lightweight industrial materials.
The joint program would require South Korean and German private companies, universities, and laboratories to coordinate on specific research projects.
Last December, South Korea, and Germany agreed to establish a joint research and development center to explore new lucrative industries such as material and part industries.
South Korean companies are eyeing partnerships with German research institutions with expertise in the material and parts industries' core technologies.
