Economists Warn: Trump’s ‘Job Destruction Order’ Already Impacting U.S. Economy
Economists are forecasting a sharp economic downturn in the U.S. due to President Trump’s recently implemented tariffs. Carl Weinberg of High Frequency Economics predicts the economy will contract by 4.5% in Q2 2023, with further contraction expected in the second half of the year. He describes the tariffs as “the…
Economists Warn: Trump’s ‘Job Destruction Order’ Already Impacting U.S. Economy
Economists are forecasting a sharp economic downturn in the U.S. due to President Trump’s recently implemented tariffs. Carl Weinberg of High Frequency Economics predicts the economy will contract by 4.5% in Q2 2023, with further contraction expected in the second half of the year. He describes the tariffs as “the…
Economists Warn: Trump’s ‘Job Destruction Order’ Already Impacting U.S. Economy
Economists are forecasting a sharp economic downturn in the U.S. due to President Trump’s recently implemented tariffs. Carl Weinberg of High Frequency Economics predicts the economy will contract by 4.5% in Q2 2023, with further contraction expected in the second half of the year. He describes the tariffs as “the…
Gold Has Pullback as Trump Tariff Fears Mount
Gold prices fell for the third consecutive day, dropping as much as 2.2% amid market reactions to President Trump’s tariff policies. The decline represents gold’s largest three-day drop since August 2020. Despite Trump administration officials attempting to reassure investors, the precious metal continued its retreat from recent record highs as…
China Doubles Down on Gold Strategy Amid Trump Trade Tensions
The People’s Bank of China added 0.09 million troy ounces of gold to its reserves in March, marking its fifth straight month of purchases. This follows a six-month pause after an earlier 18-month buying spree. China’s actions reflect a wider movement among central banks worldwide to diversify their reserves with…
China Doubles Down on Gold Strategy Amid Trump Trade Tensions
The People’s Bank of China added 0.09 million troy ounces of gold to its reserves in March, marking its fifth straight month of purchases. This follows a six-month pause after an earlier 18-month buying spree. China’s actions reflect a wider movement among central banks worldwide to diversify their reserves with…
Gold Hoarding Pays Off: Russia Offsets Frozen Assets with Precious Metals
Russia’s strategic gold investments are paying off during sanctions. Since early 2022, their gold reserves have surged 72% in value to $229 billion, offsetting about a third of the $322 billion in foreign assets frozen by Western nations after the Ukraine invasion. This gold strategy began after Russia’s 2014 Crimea…
Gold Hoarding Pays Off: Russia Offsets Frozen Assets with Precious Metals
Russia’s strategic gold investments are paying off during sanctions. Since early 2022, their gold reserves have surged 72% in value to $229 billion, offsetting about a third of the $322 billion in foreign assets frozen by Western nations after the Ukraine invasion. This gold strategy began after Russia’s 2014 Crimea…
Gold Hoarding Pays Off: Russia Offsets Frozen Assets with Precious Metals
Russia’s strategic gold investments are paying off during sanctions. Since early 2022, their gold reserves have surged 72% in value to $229 billion, offsetting about a third of the $322 billion in foreign assets frozen by Western nations after the Ukraine invasion. This gold strategy began after Russia’s 2014 Crimea…
London Gold Market Stabilizes After Months of London-to-New York Exodus
According to the London Bullion Market Association (LBMA), gold held in London vaults rose slightly to 8,488 metric tons at the end of March, a 0.1% increase from February. This increase comes as the flow of gold from London to New York has slowed following the US decision to exclude…