🏆 Gold Breaks $3,500 for the First Time Ever
Gold surged past $3,500/oz, setting a historic record and gaining 43% YoY, more than tripling the returns of major U.S. stock indexes (Bloomberg). Prices have doubled since 2022, driven by:
• Rising U.S. deficit spending
• Persistent inflation
• Weakening labor market
📊 U.S. Futures Edge Higher
• Dow Jones Futures: +82 pts (+0.2%)
• S&P 500 / Nasdaq 100: +0.2% each
This follows a volatile session where the Dow swung +305 pts to -394 pts, closing down 224 pts (-0.5%).
⚠️ Tariffs in Effect – Gold Gains from Uncertainty
Trump’s reciprocal tariffs hit Syria (41%), Laos, and Myanmar (40%). A 100% semiconductor chip tariff exempts firms building U.S. factories.
💵 Dollar Strengthens – Fed Leadership Buzz
Bloomberg reports Fed Gov. Christopher Waller is the frontrunner for Fed Chair in a Trump admin. The U.S. Dollar Index rose to 98.36.
• USD/JPY: +0.1% to 147.49
• GBP/USD: +0.41% to 1.341
• EUR/USD: -0.27% to 1.1627
• USD/CHF: +0.16% to 0.808
₿ Bitcoin Rallies
BTC rose 1.06% to ~$116,348 as risk appetite returned. Forecasts point to a weekly gain of:
• S&P 500: +1.6%
• Dow: +0.9%
• Nasdaq: +2.9%
#GOLD #Bitcoin #Inflation #Markets #FedUpdate
📌 Disclaimer: This content is for educational purposes only and not investment advice. Crypto and markets carry risk.