Gold prices rocketed to an unprecedented $3,500 per ounce Tuesday as investors scrambled for stability amid escalating U.S. political drama. President Trump’s renewed attacks on Federal Reserve Chair Jerome Powell—calling him a “major loser”—sent shockwaves through global markets, with Wall Street plunging 2.5% Monday. 🌪️
European stocks wobbled post-Easter break while Asian indices painted a mixed picture. The IMF’s upcoming growth forecast update has analysts glued to screens, particularly regarding how Trump’s tariff spree might reshape inflation and trade.
"Investors are racing into gold and yen like Netflix binge-watchers during a storm," said Hargreaves Lansdown analyst Matt Britzman.
🎢 Trump vs. The Fed: A Drama-Fueled Rollercoaster
Fresh off labeling Powell "Mr Too Late," Trump doubled down Monday, demanding preemptive rate cuts despite low unemployment. His Truth Social posts claiming "virtually no inflation" left economists facepalming—especially after top adviser Kevin Hassett hinted at exploring Powell’s removal. 🤯
Pepperstone strategist Michael Brown warned: "Firing Powell could trigger a U.S. asset exodus worse than a TikTok trend backlash. Imagine stocks nosediving and the dollar crashing—that’s the risk."
🌐 What’s Next?
With gold now the ultimate safe-haven superstar, all eyes are on whether Trump’s Fed feud becomes reality. As one analyst quipped: "This isn’t just market volatility—it’s a full-blown financial thriller." 🍿
