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Just like that, Trump’s trade war with Canada and Mexico has already ended (or at least been “paused”) before it even began. With gold hitting record new highs and the second Trump administration not even a month old, you can bet it won’t be the first “Trump Shock” to send waves through markets and media.
Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.
The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered. A stable government and consistent (and low) interest rates have been some of the driving factors, but it’s the unwinding of that ultra-low interest rate policy that will be the yen’s “safe […]
