In a dramatic market twist, gold soared past $3,500 per ounce — a record high — as investor confidence wavered amid sharp remarks from U.S. President Donald Trump. His tariffs and pointed comments targeting the Federal Reserve sent investors scrambling for safe-haven assets, boosting gold and even the Japanese yen.
Across Europe, stock markets showed mixed trends as trading resumed after the Easter break, while in Asia indices closed with varied performances. The dollar and oil prices moved to their own rhythm, reflecting the overall uncertainty gripping global markets.
Trump's recent outbursts, including his social media jabs that branded Fed chief Jerome Powell as a "major loser" and "Mr Too Late," have stirred concerns of further market instability. Analysts caution that any drastic shifts—such as an effort to remove Powell—could trigger significant volatility, with rapid selloffs in equities and treasuries.
With economic forecasts from the International Monetary Fund on the horizon, investors continue to lean on gold as a beacon of stability. This financial drama has more twists than your favorite binge-worthy series! 🚀📉
Reference(s):
cgtn.com
