President Trump’s recent criticisms of Fed Chairman Powell and escalating trade tensions have led to market volatility, resulting in a decline in the US dollar and a surge in gold prices. Major US stock indices such as the Dow, Nasdaq, and S&P 500 have all witnessed significant losses as investors grow wary of the country’s economic stability. This uncertainty has prompted investors to seek refuge in safe-haven assets and European markets. The ongoing turmoil in the financial markets underscores the growing concerns about the potential impact of Trump’s policies on the global economy.
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Trump’s Criticism and Trade Tensions Drive Dollar Down, Gold Up; US Markets Suffer Losses
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Gold prices hit record high of Rs 97,000 per 10 grams on robust demand and global tensions.
