Gold gained on Thursday as markets closely tracked developments in US President Donald Trump’s tariff plans, which could further escalate a global trade war, while investors awaited crucial US data due later in the day.

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump’s economic policy.

India’s Consumer Price Index (CPI) based retail inflation eased to 4.6 percent in January from 5.22 percent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.

Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks announced in December, ending a tie-up that would have created the world’s third-largest automaker.

Local media reports have said the discussions unravelled after Honda proposed to make its struggling rival a subsidiary instead of the plan, announced in December, to integrate under a new holding company.

A recent US outbreak of bird flu since early 2024 is exacting a heavy toll on poultry farms.

Trump was elected on promises to lower prices for inflation-weary consumers

In its latest report released today, the organisation projected inflation will stabilise between 8.5% and 9.5% by June but fall to 6-7% by December

The cranes to be purchased from a Chinese firm will be deployed in early 2026

Trump stunned markets with his decision on Monday to impose tariffs on all steel and aluminum imports beginning March 12

Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union value-added taxes, fanning tensions with the bloc, analysts warn.

Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union

Mother vessels are provided with only one lighter vessel against the demand for four

Musk is accustomed to getting his own way. His one major setback was being ousted as boss of payments firm PayPal in 2000.

Spot gold was up 0.3 percent at $2,916.37 per ounce as of 0701 GMT

Trump sees tariffs as a way to raise revenue, remedy trade imbalances and pressure countries to act on US concerns

Sk Bashir Uddin visits and inspects the production activities of Daulatpur Jute Mill in Khulna

A roundup of Trump's trade-related steps and threats

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US’ favor.

India’s central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world’s fifth largest economy outweighed inflation risks.