_{WORLD NEWS}

Trump’s Tariff Gamble Could Crush U.S. Economy, Unleash Inflation Crisis

President Trump’s planned tariffs on imports from Canada, Mexico, and China could drive up inflation and slow economic growth, economists warn. The Federal Reserve’s preferred inflation measure is expected to rise from 2.8% to 3%, while GDP growth could drop from 2.6% to 1.4%, forcing consumers to cut spending.

Industries, especially the auto sector, face disruptions as higher costs strain businesses. Retaliatory tariffs from affected countries could further weaken U.S. exports and job growth, with unemployment projected to rise to 4.5%.

With the U.S. importing over $900 billion in goods from these nations, the tariffs risk sparking economic instability, higher prices, and trade tensions. Read More.

_{COMMODITY NEWS}

Gold Surges to Record High as Investors Seek Safety Amid Tariff Turmoil

Gold prices surged to an all-time high on Thursday, driven by safe-haven demand as U.S. tariff threats on Mexico, Canada, and China fueled market uncertainty. Spot gold rose 1.4% to $2,796.15 per ounce, peaking at $2,798.24, while U.S. gold futures jumped 2% to $2,824.

The dollar weakened, and U.S. Treasury yields fell, further boosting gold’s appeal. Investors are also closely watching the Federal Reserve’s policy stance, with the upcoming PCE inflation report expected to provide key signals.

Silver, platinum, and palladium also saw gains, benefiting from gold’s rally. Read More.