Gold (GC=F) prices hit record highs amid fears of a global trade war, with tariffs on steel and aluminum driving gold prices above $2,900 Monday. Yahoo Finance Senior Business Reporter Ines Ferré joins Morning Brief break down the details, noting that gold hit eight all-time highs this year and is up 10% year to date.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold markets had a wild ride throughout the Asian session, initially shooting to the $2940 region, before breaking back below the $2900 level.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Silver drops as gold's reversal and Powell's testimony raise risks. Will Fed policy and tariffs deepen losses?
Gold price hits a record $2,942 but risks a reversal as Powell's testimony looms. Will Fed policy trigger a correction or fuel a rally?
Powell's testimony may impact S&P 500, gold, and Treasury yields as traders watch for signals on inflation, rate cuts, and tariff risks ahead of CPI data.
Anna Edwards, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." -------- More on Bloomberg Television and Markets Like this video?
Trade war fears and AI sector momentum drive global markets. Hang Seng drops, ASX 200 stabilizes, and US stocks gain ahead of key inflation data.
Gold (XAUUSD) price surged to a fresh record past $2,900 Monday as President Trump announced 25% tariffs on steel and aluminum imports and investors brace for inflation data later this week.
Peter Boockvar, Bleakley Financial Group Chief Investment Officer, joins 'Fast Money' to talk how the White House is attempting to reign in the budget deficit.
President Donald Trump has proposed tariffs against several countries, including Mexico, Canada, and China, and recently suggested 25% tariffs on all aluminum and steel imports to the United States. While analysts are still uncertain about the economic impact of this sweeping trade strategy, one asset still stands to outperform: gold (GC=F).