Gold rises 2% to break triple top
from Trading View
Precious metal turned up as investors reacted to Trump’s tariff plans, which are likely to flare up inflation, leading to interest rates that may stay higher for longer. Let’s break it down.
Donald Trump Kicks Off Presidency
— Gold prices pumped nearly 2% on Tuesday and extended the swing early Wednesday to $2,750 per ounce as markets were reacting to Donald Trump’s first moves in office. The 47th President of the US signed more than 200 executive orders on his first day at the job, sending investors scrambling, gold bugs included.