U.S. markets close higher despite Trump's tariff threats. ISM PMI falls, construction spending drops. Dow up 0.08%, S&P 500 gains 0.41%, Nasdaq rises 0.67%.
Veteran investor, Arthur Richards Rule IV, better known as Rick Rule, is the latest expert to sound the alarm on the long-term stability of the U.S. Dollar, warning that decades of unchecked federal spending and unfunded liabilities could erode the greenback's purchasing power over the next decade.
Shares of gold-related equities, including Barrick Mining Corp (NYSE:B), U.S. Gold Corp (NASDAQ:USAU) and Newmont Corp (NYSE:NEM) are rallying on Monday as mounting trade tensions and geopolitical instability drive investors toward safe-haven assets.
A major gold exchange-traded fund recorded its steepest capital exodus in nearly three years this May, casting doubts over investor appetite for traditional safe-haven assets—but some analysts suggest the bull cycle is far from over.
Florida Governor Ron DeSantis has enacted a new law, opening the doors for transactions using gold and silver in the state. This move is seen as a nod to the original "gold standard".
U.S. dollar slide reignites gold investor interest due to geopolitical uncertainty and concerns over American fiscal policy. China's gold imports surge.
U.S. markets closed lower on Friday due to trade tensions and economic uncertainty. New single-family home sales rose 10.9%. Futures surged on Tuesday after Trump delayed EU tariffs.
Markets were rocked this week by mounting tensions in the U.S. Treasury market after Moody's downgraded the nation’s credit rating, stripping it of its top-tier status.
