The only safe asset? Gold rose to $3,500 for the first time in history.
Fears that Trump may fire the head of the US Federal Reserve triggered an outflow of funds from US stocks, bonds and the dollar.
Meanwhile, gold prices rose 2.2 percent on April 22 after jumping 2.9 percent in the previous session.
Gold rose by a third in 2025 as trade tensions rattled markets and undermined confidence in dollar-denominated assets, boosting some traditional safe havens.
Banks have become increasingly positive on gold, with Goldman Sachs Group forecasting the metal could hit $4,000 an ounce in the middle of next year.
Gold may be “the only truly safe-haven asset” as investors question U.S. assets, including Treasuries, according to investment bank Jefferies.
Killer Whales Attacking Boats Near Spain and Portugal: White Gladis and Her Pod's Enigmatic New…
Nefertiti's Tomb: Archaeologists Closer to Greatest Discovery of the Century Prominent Egyptologist Zahi Hawass has…
China's population decreased by 3.39 million people China's population decline continued into 2025, with the…
Global Inequality: Billionaires Set New Wealth Records While Elite Influence Expands The divide in global…
Armed Robbery Hits New Pokemon Card Store in New York: Robbers Escape with $100,000 in…
China's Rare Double Rocket Failure: Long March 3B and Ceres-2 Missions Fail Within Hours on…