Gold at record high as markets brace for Trump tariffs – business live
Rolling coverage of the latest economic and financial newsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsGold’s gains today come hot on the heels of its strongest quarter since 1986.Bullion rose by 19.3% in the first quarter of this year, driven by fears that trade wars would hurt growth and drive up inflation.“The ongoing uncertainty regarding tariffs has affected equity markets and brought another round of safe-haven buying into the gold market.“There are certain technical areas of resistance along the way that could cause a little profit-taking or pullback. But the ongoing bullish trend remains in place. The fundamental underpinnings remain in place.”“We need to fight battles with our foes first and then try to figure out any inequalities with our friends second.” Continue reading...
Rolling coverage of the latest economic and financial news
Gold’s gains today come hot on the heels of its strongest quarter since 1986.
Bullion rose by 19.3% in the first quarter of this year, driven by fears that trade wars would hurt growth and drive up inflation.
“The ongoing uncertainty regarding tariffs has affected equity markets and brought another round of safe-haven buying into the gold market.
“There are certain technical areas of resistance along the way that could cause a little profit-taking or pullback. But the ongoing bullish trend remains in place. The fundamental underpinnings remain in place.”
“We need to fight battles with our foes first and then try to figure out any inequalities with our friends second.” Continue reading...
What's Your Reaction?
