Japan Moves to Return S. Korea to Fast-Track Trade ‘White List’

Japan will canvass public opinion on restoring South Korea to a "white list" of countries with fast-track trade status. (Reuters)
Japan will canvass public opinion on restoring South Korea to a "white list" of countries with fast-track trade status. (Reuters)
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Japan Moves to Return S. Korea to Fast-Track Trade ‘White List’

Japan will canvass public opinion on restoring South Korea to a "white list" of countries with fast-track trade status. (Reuters)
Japan will canvass public opinion on restoring South Korea to a "white list" of countries with fast-track trade status. (Reuters)

Japan will canvass public opinion on restoring South Korea to a "white list" of countries with fast-track trade status, the trade ministry said on Friday, a key step towards resolving an economic row that strained ties.

Japan lifted export curbs on high-tech materials to South Korea in March as the nations mended ties in the face of North Korea's frequent missile launches and China's more muscular role on the global stage.

Public comment will be sought from Friday until May 31, a Japanese trade ministry official said, but declined to elaborate.

South Korea and Japan dropped each other from their respective lists in 2019, amid a decades-old row over a 2018 South Korean court order for Japanese companies to compensate forced laborers during Japan's 1910-45 occupation of Korea.



Gold Edges Higher in Holiday Trade; Eyes on Fed's 2025 Plan

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
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Gold Edges Higher in Holiday Trade; Eyes on Fed's 2025 Plan

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold inched higher on Thursday in holiday-thinned trade, as investors focused on the US Federal Reserve's interest rate strategy and anticipated tariff policies under President-elect Donald Trump, both of which could influence the metal's direction in the coming year.

Spot gold rose 0.2% to $2,619.59 per ounce, as of 0023 GMT.

According to Reuters, bullion has surged approximately 27% so far this year, scaling multiple record highs, fueled by significant Fed rate cuts, including a jumbo reduction in September, and heightened geopolitical uncertainties.

Meanwhile, US gold futures steadied at $2,637.10.

In a holiday-curtailed week, trading volumes will likely thin out as the year-end approaches, and Markets are eyeing jobless claims data due later in the day, while preparing for major policy shifts, including tariffs, deregulation and tax changes, in 2025 as Trump returns to the White House in January.

On the geopolitical level, the Palestinian militant group Hamas and Israel traded blame on Wednesday over their failure to conclude a ceasefire agreement despite progress reported by both sides in past days.

Gold is considered a safe investment option during economic and geopolitical turmoil and tends to thrive in a low interest rate environment.