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Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...

Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...

US stock futures rose after President Trump signed an executive order imposing 25% tariffs on car imports. Futures for the Dow Jones Industrial Average went up 0.3% (YM=F) and futures tied to the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) inched up 0.1%. CBOT - Delayed Quote • USD As of 3:32:49 AM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on...

US stock futures dropped after President Trump signed an executive order imposing 25% tariffs on car imports. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) fell 0.3%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) tumbled 0.4%. CBOT - Delayed Quote • USD As of 9:25:19 PM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on foreign cars are set to begin...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...

The U.S. equity market began 2025 on a positive note, with the S&P 500 index increasing nearly 2.8% in January 2025. Market sentiment was largely optimistic, fueled by strong earnings from artificial intelligence (AI)-powered companies and optimism about a resilient economy. However, things have worsened, as growing geopolitical tensions, rising economic uncertainty, and the increasing probability of trade wars are affecting investor confidence. The Nasdaq Composite spent much of March in correction territory, 10% off its highs. But this challenging period of market sell-offs also offers some of the best...

US stock futures held steady as a weary Wall Street took comfort in signs that President Donald Trump could offer leeway ahead of the next major tariff deadline. Futures attached to the Dow Jones Industrial Average (YM=F) flatlined. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.1%. CBOT - Delayed Quote • USD As of 8:36:50 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have been rising since Trump indicated on Friday and then again on Monday that he might be "flexible"...

On an upcoming episode of the Opening Bid podcast, Trump's top economic adviser during his first term, Gary Cohn, suggested that whipsawing markets could use a dose of policy certainty. "I would tell anyone who wants to understand what's going on in markets ... that markets thrive on predictability and they thrive on uncertainty," Cohn, who is a former director of the National Economic Council and current IBM vice chair, told Yahoo Finance's Brian Sozzi. "Ambiguity is the No. 1 enemy of a market," Cohn continued. "When a company creates...

Americans continue to sour on the US economic outlook as uncertainty around President Trump's policies and higher prices weigh on consumer sentiment. The latest consumer confidence index reading from the Conference Board was 92.9 in March, below the 100.1 seen in February and the lowest level in more than four years. The expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, ticked lower to 65.2 from 72.9 and remained below the threshold of 80 — which typically signals recession ahead — for the...