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Soaring gold becomes top ‘Trump trade’

Financial Times LogoFinancial Times1w ago

Soaring gold becomes top ‘Trump trade’ - Financial Times

Quick Summary:

While gold has continued its long rally, other Trump trades have lost money.

The greenback’s recent decline has added to upward pressure on gold, which is priced in dollars, making it cheaper to buy in other currencies.

Bullion has risen in price every week this year as Trump starts to impose sweeping tariffs, and hit a new record of $2,942.70 per troy ounce this week.

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Article Details

Author / Journalist: Leslie Hook

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-16 @ 18:00:22 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 718 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 26199951

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 5 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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The story "Soaring gold becomes top ‘Trump trade’" has 718 words across 25 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "Soaring gold becomes top ‘Trump trade’" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 5 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #26199951
  • URL: https://beamstart.com/news/soaring-gold-becomes-top-trump-17397301218704

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