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Rolling coverage of the latest economic and financial newsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsThe gold price has hit a new all-time high today, as Donald Trump’s threat of imposing reciprocal tariffs on all countries sparks a rush into save-haven assets.Gold is up 1% today at $3,116 per ounce, having earlier traded as high as $3,128/oz, adding to its strong gains already this year.“Markets’ anxiety levels have been ramping up ahead of the reciprocal U.S. tariff announcements, which is keeping gold in high demand as a defensive play.“If the tariff announcements this week are not as severe as feared, then the gold price could start to backtrack as profit-taking from the highs may be triggered.”This isn’t just about trade—it’s about consumer behaviour, capex hesitation, and inflation stickiness all colliding at once.In summary, the euro is looking stronger than sterling and the dollar, while the US dollar has become the weakest link among the three. Continue reading…
Rolling coverage of the latest economic and financial news
The gold price has hit a new all-time high today, as Donald Trump’s threat of imposing reciprocal tariffs on all countries sparks a rush into save-haven assets.
Gold is up 1% today at $3,116 per ounce, having earlier traded as high as $3,128/oz, adding to its strong gains already this year.
“Markets’ anxiety levels have been ramping up ahead of the reciprocal U.S. tariff announcements, which is keeping gold in high demand as a defensive play.
“If the tariff announcements this week are not as severe as feared, then the gold price could start to backtrack as profit-taking from the highs may be triggered.”
This isn’t just about trade—it’s about consumer behaviour, capex hesitation, and inflation stickiness all colliding at once.
In summary, the euro is looking stronger than sterling and the dollar, while the US dollar has become the weakest link among the three.
