Gold rose to near a record high as the dollar fell after President Donald Trump signaled a less aggressive approach to China.
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.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
China’s central bank kept a key policy rate steady while injecting liquidity into the financial market, signaling that it may hold benchmark rates unchanged for longer.
Investors should rule out nothing from the Federal Reserve in 2025 if the newly minted Trump administration uncorks fresh tariffs on China and the European Union. "I think rate hikes are possible. Anything is possible.
The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.
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.
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.
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.
Our base-case scenario (55% chance) remains the “Roaring 2020s.” Supporting that scenario: baby boomers are flush with wealth and are spending it. We regularly assess the subjective probabilities that we assign to these three scenarios: the Roaring 2020s (55%),
J.P. Morgan released its market outlook 2025. The report expects the global economy to continue growing at a robust rate, however a sharp slowdown in China is expected.
President Donald Trump started his second administration with a blitz of policy actions to reorient the U.S. government.