Gold makes new all-time high as Trump’s actions weaken the US dollar
Share link:In this post: Gold just hit $2,853.20 an ounce, smashing its all-time record, thanks to Trump’s tariffs and a falling US dollar. The dollar is tanking after weak GDP data, Fed rate uncertainty, and global rate cuts, making gold cheaper and boosting demand. Trump’s 25% tariffs on Canada and Mexico, starting Feb. 1, are sparking inflation fears and driving investors toward gold.
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