Trump’s Criticism and Trade Tensions Drive Dollar Down, Gold Up; US Stock Markets Experience Losses

President Trump’s recent criticisms of Federal Reserve Chairman Powell and escalating trade tensions have led to market volatility, resulting in a sharp decline in the value of the US dollar and a notable surge in gold prices. The Dow, Nasdaq, and S&P 500 have all witnessed significant losses amidst this uncertainty. Investors are expressing growing apprehension about the future of the US economy, prompting a shift towards safe-haven assets and European markets. The heightened market uncertainty is raising concerns among traders and financial analysts as they closely monitor the ongoing developments.

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Gold prices hit record high of Rs 97,000 per 10 grams on robust demand and global factors.

US stocks tumble on trade war fears and Trump’s Fed criticism, sparking market uncertainty and boosting gold as safe haven.

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