President-elect Donald Trump has issued a stark ultimatum to the European Union: increase purchases of American oil and gas or face tariffs. Trump’s demand aims to address the trade deficit between the US and EU, which reached $131.3 billion in 2022. While the EU has already significantly increased its imports of US hydrocarbons in recent years, ramping up purchases to the level Trump suggests faces numerous practical constraints.

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Gold Holds Above $5,000 as Hedge Funds Brace for Turbulence
Gold remains steady above $5,000 as the dollar weakens and investors position defensively ahead of crucial inflation and jobs data. Hedge funds are shorting U.S. stocks at record levels while China marks its 15th consecutive month of gold purchases—signaling a strategic shift in how markets view risk.





