A News
Trump has sent 2 critical messages! Gold is falling, stock markets and Bitcoin are rising
As mid-week trading begins in global markets, 2 critical messages from the U.S. have reassured investors. Recently, U.S. President Trump, who has intensified his rhetoric towards Fed Chairman Powell to the extent of “removing him from office,” clarified this issue. Trump stated that he has “no intention” of removing Federal Reserve Chairman Jerome Powell before the end of his term next year.
HOPE FOR NEGOTIATION WITH CHINA
Another message regarding the trade tension with China also came. Trump said that the tariff rate imposed on China will not remain at the level of 145%, it will decrease significantly, but it will not be zero.
GREAT MORALE IN STOCK MARKETS
The statements from Trump and Bessent were positively received in the markets. Yesterday, U.S. stock markets rose by over 2.5%, and today the futures market continues to show a premium of around 1.5%. The dollar index exceeded the level of 99.00 with a limited increase, and U.S. 10-year Treasury yields fell to 4.35.
Meanwhile, gold, which started the week with records and rose to 3500 dollars yesterday, has turned its direction downwards with the latest news. Trading in the ounce remained close to 3345 dollars in the morning hours, with a decline from the peak reaching 4.5%.
The rise observed in cryptocurrencies in recent days has gained momentum. Bitcoin, which completed last week at 84,400 dollars, tested 93,900 dollars today. In the morning hours, the search for balance in BTC continues around 93,200 dollars. Analysts indicate that as risk appetite increases in global markets, BTC has also become active; they show 88,000 dollars as support and 96,000 dollars as resistance.