US Assets Sold Amid Tariff Fears as Precious Metals Rally
Investors are offloading US stocks and bonds while gold and silver hit record highs amid trade tensions.
Fresh coverage on the economy, markets, and the forces moving money.
Investors are offloading US stocks and bonds while gold and silver hit record highs amid trade tensions.
European leaders prepare countermeasures, including sanctions and trade actions, to deter US coercion over Greenland.
Stocks fell sharply and bond yields rose as tensions over Greenland and tariffs increased market volatility.
Goldman Sachs estimates Trump's 10% tariffs will reduce euro area GDP by about 0.1%, signaling a mild economic drag.
Goldman Sachs warns US tariffs on Europe may cut eurozone GDP and trigger escalating trade disputes.
European leaders face growing pressure to adopt tougher responses to Trump's aggressive actions over Greenland.
Trump’s tariff threat triggered major stock declines, soaring Treasury yields, and a flight to gold and silver.
Mortgage rates dropped to 6.06% after a government order boosting bond purchases, sparking refinancing and homebuying activity.
National average mortgage rates have fallen, offering homebuyers savings and refinancing opportunities.