Gold rose close to a record high after US President Donald Trump signaled a less aggressive approach to China, weakening the dollar.
Gold prices rose nearly 1% on Friday, lingering near record high levels scaled in October, steered by U.S. President Donald Trump's calls to lower interest rates and uncertainty surrounding his trade policies.
US stocks struggled on Friday to pick up on the recent rally as investors filtered through the latest batch of earnings and weighed Donald Trump's hints at a softer stance on China tariffs. President Trump's call at Davos for cuts to US interest rates,
The $273.5 billion of inflows for 2024 topped the $177.4 billion in 2023 though it was below the $375 billion average between 2019-2021, according to the report from the Institute of International Finance.
President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
Trump stated on Tuesday that his administration is discussing imposing a 10% tariff on goods imported from China on February 1 because fentanyl is being sent from China to Mexico and Canada, per Reuters.
Good morning. Donald Trump takes a softer tone on tariffs, less so on the Federal Reserve. JPMorgan’s chief executive caps off a good year with a pay bump. And forget factories, we want Buc-ee’s. Listen to the day’s top stories.
President Trump's call at Davos for cuts to US interest rates, oil prices, and taxes spurred investor optimism for his policies, buoying stocks. The major gauges are set to end the holiday-shortened week with gains above 2%, demonstrating the power of Trump's comments even as Wall Street questions his ability to order the changes.
Stock market experienced a pause today, January 24, 2025, Friday, as the Dow declined, while the S&P 500 and Nasdaq also faced a slowdown. Investors are closely analyzing recent earnings reports and the impact of the President Trump’s trade policies on China.
It's a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Into the mix go earnings from heavyweights including Apple and Tesla, and likely market spikes from comments by new U.