Gold Takes a Sway—Dollar’s Got More Pull
On Monday, the price of gold decided to do a little dance back—thanks to the US dollar pulling its weight. When the greenback is looking pretty solid, investors tend to trust it more than that shiny metal.
Trump’s “Big Red Letter” Bold Move
Just when you thought the market was playing it safe, Donald Trump dropped a warning that made headlines sharp as a tack. He threatened a full 100% tariff on any BRICS nation that tried to launch a currency to rival the US dollar. The same hard-line stance was already sent to Canada and Mexico last week.
Why does that matter? It’s not just about trade wars—it’s about how people feel. The idea of the Fed juggling hefty tariffs while pumping money into the economy can scare investors. If inflation starts nudging higher, the Fed might consider raising interest rates.
The Future: Fed Fingers Point Upward?
Everyone’s eyes are glued to the next batch of US economic data—think job openings, private wages, services and manufacturing rolls, and of course the unemployment number. These figures can give a clue about the Fed’s next move.
But it’s not just the data that matters. Reserve officials will also step up to the mic. Chair Jerome Powell and others have scheduled speeches that could help paint a clearer picture of where the banks are heading.
Safe‑Haven Gold Still Holds Its Ground
Gold used to be the ultimate safety blanket, but the recent US‑brokered ceasefire between Israel and Hezbollah has temped its appeal a bit. Still, the lingering drama—especially Russia vs. Ukraine—keeps people turning to gold when the world feels a little shakier.
So while gold might dip a tad, it’s unlikely to vanish entirely, at least for the next few months.
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