Rick Rieder of Blackrock:
– economy in recession now
– we are adding gold
-we like cash
Jesus pic.twitter.com/6Cfv3MsYo9
— Jack Farley (@JackFarley96) April 16, 2025
GOLD $3300 Bucks
https://www.investing.com/commodities/gold
Trump will NOT relent on China. Otherwise, the rest of his administration will be one of a Paper Tigre.
— Sold At The Top (@soldatthetop) April 16, 2025
The markets do not like these new tariffs. It's reaching absurd levels now. https://t.co/bfrRZhylme
— Ian Miles Cheong (@stillgray) April 16, 2025
Gold prices hit an all-time peak on Wednesday as a weaker dollar, escalating trade tensions and concerns over global economic growth increased demand for the safe-haven bullion.
Spot gold rose 1.3% to $3,270.12 an ounce, as of 0319 GMT. It scaled a peak of $3,275.20 per ounce earlier in the session.
U.S. gold futures
gained 1.4% to $3,286.30.
“A confluence of factors such as dollar depreciation and ongoing risk aversion are working in gold’s favor,” said Tim Waterer, chief market analyst at KCM Trade.