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๐น Happening now ๐ด๐บ๐ธ President Trump says he asked Elon Musk to leave and that he "went crazy."
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๐ตChina's gold purchases are massive: โฌ ๏ธ In April, China purchased 27 tons of gold, 13 times the official figure, according to Goldman Sachs estimates. ๐ท This follows purchases of 30 tons in March and 50 tons in February. ๐ทChina continues to build its gold reserves at an unprecedented pace.
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๐ด The US dollar index fell 10.8% in the first half of 2025, its worst half-year performance since 1973, when it fell by about 14.8%. โฌ ๏ธ Analysts attributed the dollar's decline to the policy of divesting US assets, including stocks and bonds, in response to Trump's trade war, as well as uncertainty about fiscal policy.
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๐ก Gold prices rose in trading on Tuesday, supported by a decline in the value of the US dollar๐ต, as investors await labor market data due later this week, which is expected to determine the path of the US Federal Reserve's monetary policy, amid renewed calls from US President Donald Trump๐บ๐ธ to cut interest rates: ๐จ Gold futures rose 1.1% to $3,339.65.
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๐ด Trump sharply criticized Elon Musk, accusing him of excessively benefiting from government subsidies for electric vehicles. - The US President: Without the subsidies, Musk would likely be forced to close his business and return to South Africa.
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