Gold at new high and stocks rebound
|Fresh record for Gold
First tariffs and now the Fed chairman. Trump continues to make investors fret about the outlook for the US and the global economy. Faced with this, the global investment community continues to pile into gold, which has made a fresh record today of $3500. Gold is an unlikely successor to 2024’s fever-driven Mag7 rally, but so long as investors spend their time worrying about the next crisis the metal should continue to gain.
Stocks claw back Monday’s losses
Looking at today’s rebound for equities, you might be forgiven for thinking that financial markets have forgotten all about Trump’s threats to fire Powell. Volatility on both up and down days is a given right now, but Tesla’s earnings tonight could well determine the near-term direction. In the short-term, the path of least resistance seems to point higher, especially since the real impact of tariffs is unlikely to show up in this quarter’s round of reports.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.