It's fascinating to see the dynamics between Powell and Trump play out. Powell's primary focus is on reducing inflation rates and unemployment in America, which is why he's hesitant to lower interest rates ¹. On the other hand, Trump believes that slashing interest rates would propel American businesses forward, as he's publicly stated. Trump's strategies have shown some success, albeit with some collateral damage to US businesses.
As for Trump's next move, it's difficult to predict, but it's likely to be influenced by the current geopolitical tensions, particularly the Iran-Israel conflict ¹. The situation has led to increased oil prices, which could have a ripple effect on the economy.
Regarding the option between gold and crypto gold, it's a tough call. Gold has traditionally been a safe-haven asset during times of economic uncertainty, while crypto gold, or digital gold, offers a more modern and potentially more volatile alternative. Ultimately, the choice between the two depends on individual investment goals and risk tolerance.
What do you think? Are you leaning towards traditional gold or exploring the possibilities of crypto gold?