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- Wall Street Battered Again by Trump Chaos as New Winners Emerge
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15/03/2025 06:13 AST
Gold prices surpassed USD 3,000 per ounce on Friday for the first time in history, driven by growing global demand for safe-haven assets amid ongoing uncertainty over US tariffs.
In early trading, gold prices jumped 2.94 percent to USD 3,000.85 per ounce, just a day after breaking the previous record set in late February.
The surge in gold prices comes amid heightened instability surrounding trade, employment, inflation, and government spending. President Trump has threatened to impose additional tariffs on Canada and European Union countries.
Trump reaffirmed his commitment to maintaining tariffs on various nations, with the new measures expected to take effect as early as April 2.
Earlier on Friday, gold reached another record high, fueled by uncertainty over US tariffs and concerns over trade tensions. Expectations that the Federal Reserve (the central bank of the United States) may ease its monetary policy have further contributed to the rally.
QNA
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
15/03/2025
This is the market Ben Inker has been waiting for. In the grip of Wall Street's rebellion against President Donald Trump's tariff agenda - with stocks down around 2% this week even after Friday's big
Bloomberg
15/03/2025
A full-scale global trade war would hurt the United States in particular and could re-energize Europe's push towards unity, European Central Bank President Christine Lagarde said on Friday.
Asharq Al Awsat
13/03/2025
India's foreign direct investment into Dubai surged to over $3 billion in 2024, making the South Asian nation its top investor, the latest data shows.
Dubai's Department of Economy and Touri
Arab News
12/03/2025
Citi analysts cut their recommendation for U.S. stocks to "neutral" from "overweight" on Monday after recession fears pummelled the market, arguing that the U.S. economy may no longer outpace the res
Reuters
11/03/2025
US President Donald Trump is meeting the CEOs of America's biggest companies, many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment
Khaleej Times
Financial Information Co.
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