Gold prices rise and dollar falls amid fresh Trump tariff threat
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Gold prices rise and dollar falls amid fresh Trump tariff threat
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"Global financial markets are grappling with significant uncertainty, triggering a surge in gold prices and a dip in the US dollar, following the US Supreme Court's decision to strike down Donald Trump's tariff policy. The situation was described by one expert as an "unholy mess" after Mr Trump responded by announcing an increase in the global tariff rate to 15 per cent. Gold, a traditional safe haven asset, saw its price briefly climb to approximately $5,280 (3,901) per ounce."
The Independent deploys journalists to cover developing US stories across topics from reproductive rights to climate change and technology, and funds free access journalism through donations. The outlet investigates issues such as Elon Musk's pro‑Trump PAC and produces documentaries highlighting American women fighting for reproductive rights. Global financial markets reacted strongly to the US Supreme Court striking down Donald Trump's tariff policy, prompting investor anxiety. Gold spiked to about $5,280 per ounce before settling lower, the US dollar weakened against the pound and euro, and US futures for the S&P 500 and Dow Jones declined, signaling expected market volatility.
Read at www.independent.co.uk
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