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US Treausry Sec. Bessent: Talks in Geneva with China resulted in a mechanism to avoid escalation

US Treasury Secretary Scott Bessent said on Tuesday that “talks in Geneva with China resulted in a mechanism to avoid escalation.”

Additional quotes

  • President Trump wants to rebalance the US economy.
  • China needs to rebalance towards consumption economy.
  • We do not want a generalised decoupling between the two largest economies in the world.
  • United States will bring medicine, semiconductor and other strategic industries home.
  • Very productive discussions with Japan.
  • Focused on Asia deals, Indonesia has been very forthcoming, Taiwan presented very good proposals.

Palladium price today: Rare metals advance at the start of the European session

Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $951.00 a troy ounce, with the XPD/USD pair advancing from its previous close at $949.90.
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US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 100.00

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from its highest level since April 10 to 101.60 during the early European trading hours on Tuesday.
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