Monthly Archives: February 2025
Gold Soars as Tariff Tensions Shake Markets
Written on February 17, 2025 at 5:56 am, by
Market Summary Gold prices soared to record highs as U.S. President Donald Trump’s announcement of fresh steel and aluminum tariffs fueled trade war concerns. The 25% tariffs, set to take effect on March 4, targeted major exporters, including Canada, Mexico, and Germany, driving investors toward safe-haven assets. Meanwhile, the U.S. dollar defied trade uncertainty, strengtheningContinue Reading
Trump’s Tariff Threat Lifts Dollar
Written on February 17, 2025 at 5:55 am, by
Market Summary Markets turned volatile last Friday as newly elected U.S. President Donald Trump rattled investors with an aggressive trade stance, signaling a potential 25% tariff on steel and aluminum imports. The move, expected to take immediate effect upon announcement, overshadowed the release of a weaker-than-expected U.S. Nonfarm Payrolls (NFP) report. Despite the jobs dataContinue Reading
Sterling Depreciate After BoE Rate Cut, Eyes on NFP
Written on February 17, 2025 at 5:54 am, by
Market Summary The Pound Sterling weakened following the Bank of England’s widely expected 25-basis-point rate cut yesterday, with GBP/JPY sliding to a two-month low. Market concerns over potential stagflation—characterized by high inflation and sluggish economic growth—further pressured Sterling. Meanwhile, the U.S. dollar faced resistance near the $108.00 mark after higher-than-expected Initial Jobless Claims data weighedContinue Reading
