Trump Launches Full Attack on Powell! Dollar Crashes, Precious Metals Surge!
TradingKey - The clash between Trump and Powell intensifies. Gold and copper prices are soaring, and the upward trend may continue.
On Tuesday, gold prices (XAUUSD) surged to set a new record. Spot gold briefly reached $3,500 before pulling back slightly. It is now trading at $3,468 per ounce. Meanwhile, copper prices hit a two-week high, with both Shanghai and London prices rising over 1%.
Gold Price Trend Chart, Source: TradingView.
Recently, President Trump has openly challenged Federal Reserve Chair Powell. Last Friday, he claimed he would fire Powell. On Monday, he called for an immediate interest rate cut. Powell responded last week, stating he would not lower rates until the impact of Trump's tariff policies on inflation becomes clear.
Trump's actions are undermining the independence of the Federal Reserve. This is increasing market concerns about the U.S. economy, leading to a sell-off of U.S. assets. On Monday, the U.S. financial market experienced a "triple whammy" of stocks, currencies, and bonds. The dollar index fell below 98, reaching a nearly three-year low.
If the power struggle between Trump and Powell continues, funds will likely keep shifting to safe-haven assets. Precious metals like gold and copper will continue to benefit.
Related Articles
Tesla's 2025 Q1 Earning Report Preview: A Critical Moment of Hope and Challenge
Tesla's 2025 Q1 financial report will be released on April 22. As a leader in the global electric vehicle industry, its performance has attracted much attention from the market.
Enphase Energy (ENPH) Q1 2025 Earnings Preview: Solar Innovations Amid Market Fluctuations
TradingKey - Enphase Energy (ENPH) will report Q1 2025 results on April 22, 2025, after market close. The guidance is $340 million to $380 million of revenue, excluding safe harbor revenue of $50 million.
Broadcom (AVGO): ASIC vs GPU: Broadcom and NVIDIA’s Battle for AI Dominance
AI revenue surged yet tariff impacts may slow growth rate. Even after Blackwell goes public, AVGO share could rebound 15% to $200 despite competitive pressures..jpg)
Understanding the Fed’s Overnight Reverse Repo(RRP), What Is the Relationship Between QT and Debt Ceiling
TradingKey - As the U.S. enters a new rate cycle, the quantitative tightening (QT)—initially launched to reduce the Federal Reserve’s bloated balance sheet following the COVID-19 pandemic—is also nearing its conclusion. A key metric in gauging when to end QT is the scale of the Fed’s ON RRP...
ASML: The Cyclical Titan at the Heart of AI’s Next Chapter
TradingKey - Amidst the choppy macroeconomic environment and increasing geopolitical tension, ASML's (ASML) Q1 2025 results highlight its seemingly paradoxical position as both a cyclical capital equipment provider to the semiconductor industry and an essential facilitator of secular AI expansion.