Navigating the stormy seas of Trump’s tariff wars

Quick Summary:

US Dollar Index surges 1.3 per cent, as inflation concerns rise with tariffs acting as indirect taxes.Gold peaks at US$2,817.18/oz before settling lower, while WTI crude jumps 1.6 per cent on tariff speculation.

Key points: President Donald Trump announces new tariffs on Canada, Mexico, and China.

Gold, traditionally seen as a safe haven, briefly touched a record high of US$2,817.18 per ounce but settled at US$2,798.41, still reflecting investor anxiety amidst this economic uncertainty.

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Article Details

Author / Journalist: Anndy Lian

Category: StartupsTechnology

Markets: SingaporeCanadaChinaMexico

Topics: Global Finance Blockchain Community

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 06:15:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 1 lines

Sentence Length: 756 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 25770779

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Main Topics: StartupsTechnology

Official Website: e27.co

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News Last Updated: 15 hours ago

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