In a whirlwind trading day, gold soared to a record $3500 an ounce, capturing the attention of global investors and trendsetters across Asia and beyond. Amid turbulent market vibes, U.S. President Donald Trump's remarks targeting Fed chief Jerome Powell have added fuel to the fire. 😮
As Trump's orders for drastic interest rate cuts and scathing comments like "major loser" and "Mr. Too Late" echoed on his Truth Social platform, investors scrambled to secure safe haven assets. Analysts, including Matt Britzman from Hargreaves Lansdown, noted that uncertainty is driving funds to gold and the Japanese yen. 📈
European stocks responded with mixed results during trading after the Easter break, while Asian indices closed with varied outcomes. This mix of reactions is being closely watched whether you're in bustling Singapore, vibrant Mumbai, or lively Jakarta! 🌏
Adding to the drama, top economic adviser Kevin Hassett hinted at potential moves that could shake up U.S. financial policies, sparking concerns over the possibility of Powell's exit. Experts warn that such a move might trigger a steep plunge in equities and a volatile exit from U.S. assets, sending shockwaves through trading floors worldwide. 🚀
With the International Monetary Fund's economic forecasts on the horizon, this high-stakes market rollercoaster is keeping investors on their toes. Whether you’re tracking stocks on your smartphone or discussing trends over a cup of chai, stay tuned for more updates on this unfolding saga! 🔥
Reference(s):
cgtn.com
