Gold reaches unprecedented levels amid rising concerns over economic growth. On Wednesday, gold prices surged to an unprecedented peak, fueled by a declining dollar, escalating trade war tensions, and apprehensions regarding global economic growth stemming from U.S. President Donald Trump’s tariff initiatives, which prompted a significant influx into safe-haven assets. Gold, often regarded as a secure Read More
As the trade battle develops and the dollar continues to decline, gold crosses $3,200. Gold broke the $3,200 mark on Friday as investors fled fears of a recession, a sinking dollar, and a trade war between the United States and China. At 2:30 p.m. Eastern Time, spot gold was trading at $3,235.89 per ounce, representing Read More
Gold experiences a decline during the early Asian trading hours, likely due to market participants unwinding their long positions in order to liquidate assets for cash. China’s imposition of 34% tariffs on all U.S. imports, coupled with the introduction of restrictions on the export of specific rare-earth minerals, has heightened apprehensions regarding the potential escalation Read More
