Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
SsangYong Motor will sell its 850,000 square meters plant site in Pyeongtaek as part of self-rescue efforts, according to the local government.
The plant, which was constructed in 1979, is valued at 900 billion won.
The city government of Pyeongtaek has signed a memorandum of understanding with the court-appointed manager of SsangYong and its labor union regarding the sale of the site.
The debt-ridden automaker has been under court receivership since April after its Indian parent Mahindra & Mahindra failed to sell a 75 percent stake in it.
SsangYong will receive administrative support construction and relocation from the city government when it builds a new factory in Pyeongtaek.
Jung Jang-seon, mayor of Pyeongtaek, vowed to support SsangYong Motor to grow into a global company that contributes to the local economy.
The new plant that Ssangyong intends to put up will focus on manufacturing green and self-driving cars, according to Chung Yong-won, the court-appointed administrator.
