S&P 500 wipes out 2025 losses as stocks extend rally
Inflation data helps Wall Street benchmark rebound from 15 per cent fall sparked by Donald Trump’s tariffs
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Gold Price Forecast: XAU/USD flirting with $3,400, record highs in sight
Spot Gold continued to consolidate gains throughout the first half of Wednesday, accelerating north after Wall Street’s opening amid broad US Dollar (USD) weakness. The XAU/USD pair trades near the $3,400 mark, and at its highest in two weeks.
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China retaliates with 84% tariffs on US goods as Trump trade war rattles markets – business live
Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China
- Full report: Trump unleashes new wave of tariffs
- Dispatch: The view from Yiwu, China’s biggest wholesale market
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.