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Last week, Gold enjoyed its best week in history, surging to a new all-time record highs as traders rushed to the safety of one of the only havens left in global financial markets in the wake of Donald Trump’s tariff chaos.
On Friday, Gold prices skyrocketing to a new all-time record high of $3,245 an ounce, climbing over 8% in the short space of 3-days to post its biggest weekly gain, since the Covid-19 pandemic in March 2020.
The Great Rotation: From America To Gold
Following President Trump’s ‘Liberation Day’ tariff announcement on 2nd April – Global Equity markets have been in a state of chaos, swinging from panic to relief and back to panic as President Trump flip-flops on tariffs.
Meanwhile, the Bond market has been defying Trump, with long-term yields nudging higher to catastrophic levels last week – forcing him to call a 90-day truce of tariff hikes.
Typically, in times of a Stock Market Crisis, U.S Treasury yields plunge and the U.S dollar surges. But now, the opposite is happening. Yields are spiking and the U.S dollar is tumbling.
The world’s new hot trade is sell U.S Equities, sell U.S Bonds and sell the U.S Dollar. In other words, the big trade right now is “Sell America and Buy Gold”.
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