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Gold hits record high as Trump announces tariffs on steel and aluminium (www.theguardian.com)

submitted 1 day ago by MicroWave to c/economics

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Summary

Gold prices hit a record $2,896 per ounce as investors sought safe-haven assets following Trump’s announcement of 25% tariffs on steel and aluminum imports.

Aluminium prices also rose, while financial markets reacted nervously. Major suppliers like Canada, Brazil, and South Korea face potential economic impacts, prompting emergency industry meetings and diplomatic efforts for exemptions.

Analysts warn the tariffs could disrupt supply chains, while Trump’s proposed tax cuts may further increase national debt.

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[–] [email protected] 3 points 1 day ago

Nevertheless I choose to invest in packages of condoms as it seems like the next thing that fucker would hit. People fucked way before they wanted some shiny piss-metal. And their due age usually exceeds the four years we'd hopefully obliged to hear about his misadventures.