Gold Posts Biggest Two-day Drop Since August 2021; Silver Slumps to YTD Low
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Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Ahead of Employment Situation Report
GLD ETF Declines 0.6%
The USD:EUR Tracks the Mag 7, a Fall in One Means a Fall in the Other – BCA Research
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
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Trump's 'Reign Of Tariffs' Unleashes 'D-Day On Wall Street,' Analyst Warns Of Stagflation Risk
Gold Futures Close Lower Amid Price Correction, Tracking Comex Performance And US Tariff Exemption
Tariff Shock Rocks Wall Street: Big Tech Crashes First, Rest Followed
Trump Tariffs: India's Jewellery Exports Set for Sharp Decline; Gold Prices Ease From Record Highs
Gold Surges to Record High Amid Trump's Escalating Tariff Policies
The tariff storm from Trump has arrived! The Asia-Pacific stock markets have collectively plummeted, and Gold has reached a new historical high.
① The USA President Trump announced the imposition of high reciprocal tariffs on more than 180 countries and regions globally, causing turmoil in the Asia-Pacific markets; ② Asia-Pacific stock markets collectively plummeted, with significant declines in the Equity Indexes of Australia, Japan, and South Korea, and Gold prices hitting a new high; ③ All USA Equity Index futures plummeted, causing a collective drop of the "Seven Giants" in the US stock market after hours, with investor sentiment becoming increasingly pessimistic.
Gold Futures Keep Climbing -- WSJ
Express News | Spot Gold Hits Record High at $3,160.52/Oz
Gold Gains After-hours as Trump's Reciprocal Tariffs Add to Haven Demand
GLD ETF Gains 0.2%
U.S. ETFs Capture Historic $296B of Inflows in Q1, Defying Market Weakness
Gold Touches Another Record High Ahead of Fresh U.S. Tariffs
Gold at Risk as US Dollar Defense Could Trigger Reserve Selling