Tag: Donald Trump

Harvesting Rare Earths Without Digging
ScienceTechnology

Fungi Mining: Harvesting Rare Earths Without Digging

Scientists Explore Fungi for Rare Earths In Austria, scientists at the University…

Hong Kong Pro-Democracy Tycoon Jimmy Lai Sentenced to 20 Years
Business

Jimmy Lai Sentenced to 20 Years in Hong Kong

Harshest Punishment Under National Security LawJimmy Lai, the Hong Kong pro-democracy media…

Hunter Hess competing for Team USA at the Winter Olympics
NewsUnited States

Trump Criticizes U.S. Olympic Skier Hunter Hess Over “Mixed Emotions” Comments

Trump Criticizes HessPresident Donald Trump criticized U.S. Olympic skier Hunter Hess after…

Bad Bunny Makes History with All-Spanish Super Bowl Performance
Entertainment

Bad Bunny Makes History with All-Spanish Super Bowl Performance

A Celebration of Puerto Rico and the Americas Bad Bunny, the world's…

H1: EU Expresses Openness to UK Customs Union Talks in High-Level Meeting
Business

EU Expresses Openness to UK Customs Union Talks in High-Level Meeting

Senior European and British officials have held a significant meeting, revealing a…

X offices raided
Marketing

X Offices Raided in France as UK Launches Grok AI Investigation

French Raid Targets X HeadquartersFrench prosecutors’ cyber-crime unit raided the Paris offices…

Gold hits record highs amid political tensions The gold price soared to $5,500 per ounce on Monday for the very first time, before briefly falling back. Silver prices also rose, with an ounce trading for around $98. This is up from $38 a year earlier. As global uncertainties continue, investors are turning to precious metals for a haven. Investors are wary of Trump's policies US President Donald Trump’s trade policies are causing market uncertainty. The uncertainty caused by his tariffs against multiple countries, and the threats he made over Greenland has pushed investors towards gold. Gold is seen as safer than the risks associated with US fiscal and foreign policy, say analysts. Emma Wall, Chief Investment Strategist at Hargreaves Lansdown says that gold jumps whenever the world is chaotic. Precious metals have become more appealing due to the ongoing tensions in Europe, China and the Middle East as well as US political instability. Demand for Geopolitical Conflicts Increases Gold prices have risen due to the wars in Ukraine, Gaza and Venezuela. The geopolitical developments eroded investor confidence in the US Dollar, leading them to look for security in metals. Bloomberg's chart shows that gold and silver are up by 80%, respectively 214% since a year earlier. The US dollar index is down 10%. Central Banks and New Buyers Help the Rally Gold is being bought by central banks to decrease their dependence on the US Dollar. Gold is a safe haven for nations who are worried about their US dollars being frozen. China is the top buyer, both by investors and individual buyers. Tether and other digital currency companies have purchased large amounts of reserves to add to the trend. What is the Reason for Gold Price Drop? Gold prices fell below $5,000 despite record highs after President Trump announced that Kevin Warsh would be nominated as Fed Chairman. Warsh's nomination is seen as a safe choice that will ease concerns over interest rate reductions and the dollar. Gold remains attractive to analysts due to geopolitical risk, tariffs and scarcity. Nicholas Frappell, of ABC Refinery, emphasizes the fact that gold's value is independent of debts and company performance. What to Take Away Gold's volatility in recent years shows its sensitivity to economic and political developments. Gold is still a safe investment, even though prices fluctuate.
News

Gold Prices Soar Amid Global Uncertainty, Then Fall Slightly

The gold price soared to $5,500 per ounce on Monday for the…

China Lifts Sanctions on UK MPs After Starmer Xi Talks
BusinessUnited States

China Lifts Sanctions on UK MPs After Starmer Xi Talks

China has lifted sanctions on six current members of the UK Parliament…

Trump Selects Kevin Warsh as Next US Federal Reserve Chair
PoliticsUnited States

Trump Selects Kevin Warsh as Next US Federal Reserve Chair

US President Donald Trump has nominated Kevin Warsh to lead the US…

BusinessEconomicsUnited States

Why the US Dollar Hit a Four Year Low and May Fall Further

The US dollar has dropped to its lowest level in four years,…

Register Lost your password?