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Gold Prices Reach New Heights Amidst Global Trade Tensions

by News Editor
April 17, 2025
The global economic arena witnesses yet another shock as gold prices hit unprecedented levels. This surge can be attributed to the ongoing trade conflict between the United States and China. As of Wednesday, the spot price of gold soared beyond $3,300 per ounce, marking the third consecutive peak this year.

Key Insights

  • Investors are gravitating towards gold as a secure asset amidst escalating trade tensions.
  • Gold recently traded at $3,357.40 before stabilizing at $3,329.53—an increase of roughly a third since the year’s start.
  • Federal Reserve Chair Jerome Powell highlighted how current tariff policies might lead to slower growth, higher prices, and employment risks.

Analysts draw parallels between today’s gold rally and the surge during the Iranian revolution over 40 years ago. Last month, the precious metal surpassed $3,000 per ounce for the first time.

The Bigger Picture

The trade war escalation stems from the Trump administration’s announcement of tariffs on imports into the U.S., remaining firm despite discussions. With reciprocal tariffs paused for 90 days in favor of negotiations, the market’s future remains uncertain.

Norway’s Wealth Fund Faces a Tech-Induced Setback

by News Editor
April 24, 2025

The world-renowned Norwegian sovereign wealth fund, valued at $1.7 trillion, has experienced its most significant loss in a year and a half. Recent figures from Norges Bank Investment Management reveal a 0.6% loss, equaling a staggering $40 billion, primarily driven by a downturn in technology stocks in Q1 of the year.

The volatility of the global market, particularly the tech sector, has deeply affected this financial behemoth, which stands as the largest single shareholder of publicly traded companies worldwide. This marks the largest dip in the fund’s investments since late 2023. To explore how similar economic movements could impact other sectors, check out our insights into Cyprus’ recent economic growth and how technology’s influence continues to ripple across global markets.

For a broader view of market fluctuations and their implications, you might also be interested in our coverage of Revolut’s inspiring financial success story from last year.

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