Gold prices rose back above $2,900 per ounce on monday, supported by a weaker dollar and fears of a trade war as u.s President donald trump threatened reciprocal tariffs Spot gold gold was up 0.5% to $2,897.49 as of 2:10 p.m Et (1910 gmt), retreating from an intraday high of $2,906.38 It hit a record high of $2,942.70 last week Gold futures gold gained 0.3% to $2,910.30.
By caroline valetkevitch stocks fell sharply, with the s&p 500 and nasdaq down more than 2% each, while treasury yields dropped and the u.s Treasury yields fell late on wednesday, erasing earlier gains, after president donald trump unveiled a slew of tariffs and higher levies against some of the country's biggest trading partners, sparking concerns about inflation and economic growth Trump announced a 10% baseline… On thursday afternoon, a u.s appeals court reinstated the tariffs during the appeal. However, this does not mean the indicator is broken It is just telling a new narrative about global transition and fragmentation
Copper prices rebounded on thursday after president donald trump said a 50% tariff would be imposed from august 1, but held below their record peak due to a glut of metal already in the united states and uncertainty over details.trump signalled on tuesday that he was imposing fresh tariffs on… Oil prices rose on thursday after a u.s Court blocked president donald trump's tariffs from taking effect, while the market was watching out for potential new u.s Sanctions curbing russian crude flows and an opec+ decision on hiking output in july Climbed 81 cents, or 1.25%, to $65.71 a barrel West texas intermediate crude cl1
Advanced by 83 cents, or 1.34%.
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