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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How COMEX Sets Gold Prices and Moves the Market
COMEX gold prices drive the global market, but most investors don’t fully understand how. This guide explains how gold futures trading on COMEX sets the daily price of gold, why most contracts never result in physical delivery, and how “paper gold” can influence short-term volatility—even when physical demand remains strong.




