Treasury Secretary Scott Bessent announced the agreement, which pushes back the Nov. 10 deadline, as the two world leaders prepare for talks in Washington.

China's ambassador to the US warned ⁠on ⁠Wednesday that the country has "red ⁠lines" on Taiwan, human rights and other issues that cannot be ​crossed, ahead of this week's meeting in Washington between the two countries' leaders.

President Trump greeted Xi at Joint Base Andrews, a break from protocol that gives Beijing a powerful visual opportunity to present China as an equal peer to the US. The state visit happens after Treasury Secretary Scott Bessent announced the US and China have agreed to extend their trade truce by two months.

Scott Bessent says the agreement, which suspends some tariffs, would be extended to 10 January. It was set to expire in November.

Gold prices were broadly muted as expectations that the Fed could raise interest rates further weighed on the nonyielding asset.

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue

Gold prices fell sharply on Wednesday as a stronger U.S. dollar, surging Treasury yields and renewed expectations for another Federal Reserve interest rate hike pressured the precious metal. Spot gold dropped 1.

The U.S. dollar climbed to a nearly two-month high on Wednesday as stronger-than-expected economic data, hawkish Federal Reserve comments and a sharp rise in Treasury yields boosted expectations for another interest

The Indian rupee is poised for a muted start on Wednesday and traders reckon that directional moves will be contingent on ​oil prices amid hopes of a diplomatic solution to the US-Iran ‌war through talks at the UN.

Oil rose Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.

Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.

Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a ​critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran ‌war through talks at the UN in New York.