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Gold price tops $5,000 an ounce for first time as investors seek safe haven from Trump turmoil (www.theguardian.com)
submitted 9 months ago by to c/world
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Gold has jumped above $5,000 an ounce for the first time, as Donald Trump’s chaotic policies and proclamations drive more investors to seek safe harbour in the precious metal.

The price of the yellow metal reached a record high of $5,100 on Monday morning, before easing back to settle up 2.2% at $5,089.

The historic moment came as Trump threatened Canada with 100% tariffs if America’s northern neighbour “makes a deal with China”, and after the US president’s dramatic showdown with Europe over the future of Greenland.

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Gold price tops $5,000 an ounce for first time as investors seek safe haven from Trump turmoil (www.theguardian.com)
submitted 9 months ago by to c/news@lemmy.world
15 comments fedilink hide all child comments
 

And so the major recession that's long been predicted finally begins. Right on time, IMHO - they almost always start in the latter half of January when they've been pushed off as much as possible like this & the investors get the year-end numbers they wanted.

As conditions deteriorate and people become more desperate, Trump (more accurately, his Heritage Foundation handlers) will use the disarray to impose martial law, and the US will decend further towards civil war.

I hope I'm wrong.