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Gold Hits New Highs As Dollar Falters Amid Tariffs: Analyzing The Impact On Global Markets

by News Editor

April 11, 2025

In a recent turn of events, the price of gold has shot up to unprecedented levels, reaching $3,191.84 per ounce. This surge comes in the wake of market upheavals triggered by trade tensions under the Trump administration, leading investors to flock towards safer assets like gold.

Market Dynamics

The Asian markets responded dramatically: Japan’s Nikkei slid over 4%, while Hong Kong’s Hang Seng showed a slight 0.5% uptick. Meanwhile, South Korea’s Kospi and Australia’s ASX 200 traded lower by 0.8% and 1.3%, respectively. Intriguingly, Taiwan’s Taiex rose by 1.6%, and India’s Nifty 50 climbed approximately 2%.

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Broader Economic Implications

The global economy braces for potential recession fears fueled by escalating US-China trade tensions. With the Swiss franc and euro also soaring, the US dollar faces its weakest point against these currencies in recent years.

Underlying Story

Following substantial tariffs against all trading partners, President Trump has recently announced a 90-day pause. This temporary relief aims to facilitate negotiations, with a universal 10% tariff remaining during this period. However, exceptions apply, notably for China, as tariffs reach a staggering 145% in response to retaliatory measures.

For more background on the turbulence in international trade, see Trump’s Tariff Turmoil: Aviation’s New Battleground.

The Future Forbes Realty Global Properties

Cypriot Government Employment Sees Modest Growth in April

by THEFUTURE.TEAM

May 12, 2025

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state statistical service.

Employment in the civil service and the security forces decreased by 1.2 per cent and 1.1 per cent respectively, while the educational service saw an increase of 3.8 per cent.

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Civil Service and Educational Service Breakdown

In April 2025, the civil service employed 11,960 permanent staff, 4,141 employees with contracts of indefinite duration, 1,458 with contracts of definite duration, and 5,798 hourly paid workers.

Permanent employees represented the highest proportion of the civil service workforce at 51.2 per cent, while employees with contracts of definite duration made up the lowest proportion at 6.2 per cent.

In the educational service, there were 12,461 permanent employees, 947 with contracts of indefinite duration, 4,824 with contracts of definite duration, and 141 hourly paid workers.

Permanent staff formed the majority of the educational workforce at 67.8 per cent, while hourly paid workers accounted for only 0.8 per cent.

Security Forces Breakdown

Within the security forces, 8,430 were permanent employees, 4,304 held contracts of indefinite duration, 267 were on definite-duration contracts, and 759 were hourly paid workers.

Permanent employees again made up the largest group in the security forces at 61.3 per cent, with definite-duration contracts representing just 1.9 per cent.