Gold prices are extending on Friday their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Fed Chair Jerome Powell turned hawkish in a conference in Virginia.
Stocks suffered a steep selloff today, as investors grappled with the potential long-term and global consequences of President Trump's sweeping tariff initiatives.
In 2024, the Chinese central bank covertly bought 570 tonnes, encouraging gold’s ascent in global international reserves by 4%, the largest gain in four decades.
President Donald Trump on Wednesday announced a slew of tougher-than-anticipated tariffs, but there are some notable exemptions to the steep levies. Here's a look at which products and sectors are excluded from the reciprocal tariffs:
Trump's sweeping tariffs on Wednesday sparked market fears of inflation spike, with analyst Yardeni predicting stagflation and potential economic slowdown.
While the gold price is breaking records and has just passed the symbolic threshold of $3,000 an ounce, Bitcoin is struggling and looking for its second wind.
