Gold glitters at an all-time high 💰- briefly touching $3,500/oz before easing. That’s the 8th record in 6 weeks, fueled by Fed-White House tensions and investor jitters. Uncertainty is in... and gold is loving it.
#GoldPrice #MarketRally #AllTimeHigh #SafeHaven #FedVsTrump #EconomicUncertainty #DollarDown #InflationFears #Bullion #GoldRush #FinancialMarkets
#GoldPrice #MarketRally #AllTimeHigh #SafeHaven #FedVsTrump #EconomicUncertainty #DollarDown #InflationFears #Bullion #GoldRush #FinancialMarkets
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NewsTranscript
00:00Gold has hit another record high, reaching $3,500 an ounce before it eased back to about $3,452.
00:07It's the eighth record in six weeks and caps a 33% surge since January.
00:11The rally began at a recent low of $1,809 an ounce on 23 October 2023,
00:17meaning bullion has almost doubled in 18 months.
00:21Analysts say the immediate trigger was President Donald Trump's latest broadside at Federal Reserve Chair Jerome Powell.
00:26In a truth social post yesterday, the president called Powell Mr. Too Late, a major looser,
00:32and warned of an economic slowdown unless rates are slashed now, a threat that rattled stocks and hammered the dollar.
00:38Chicago Fed President Austin Goolsbee fired back, warning that political meddling could deliver higher inflation and higher unemployment.
00:45Gold tends to shine brightest when the outlook is murky.
00:48Geopolitics, tariffs, and now a feud between the Oval Office and the Fed.
00:52With bullion already up 63% since late 2023, strategists say the next psychological target is $3,600,
01:01provided the markets continue to worry over the policy uncertainty and the rhetoric.
01:05Geopolitics, tariffs, and the brokerage of the Fed.
01:08Geopolitics, tariffs, and the Fed.
01:09Geopolitics, tariffs, and then internalize the spoke of the Fed.
01:12Geopolitics, tariffs, indicate the