Gold drops sharply by $130, but Morgan Stanley still targets $4000! Meanwhile, Trump and Musk change their tone unexpectedly, and the stock market is buzzing.
POLITICS
Trump Surprises with Soft Approach to Fed
President Trump announced that he has no intention of firing Federal Reserve Chairman Jerome Powell, despite previously attacking him multiple times. He called on the Fed to cut interest rates immediately, stating that this was the perfect time as inflation has cooled off.
Investors believe that this move will stabilize the financial markets but also dampen expectations of a rate cut anytime soon.
GEOPOLITICS
US Continues Sanctions on Iran – Negotiations Delayed
Although US-Iran negotiations are progressing, the US has recently announced new sanctions targeting Iran’s liquefied natural gas tycoon and his business network. This move has led to the postponement of a technical meeting, coinciding with the third round of indirect negotiations, mediated by Oman.
Putin Reportedly Willing to Make Concessions for a Peace Agreement
According to the Financial Times, Putin may be willing to halt attacks and give up some territorial claims in exchange for a ceasefire agreement with Trump. The US may consider recognizing Crimea as part of Russia in exchange for Russia de-escalating the situation. Ukraine is under significant pressure but insists on not compromising on its sovereignty.
ECONOMY
Gold Faces Strong Correction – But Outlook Remains Bright
After reaching a peak of $3500 per ounce, gold dropped by $130 due to profit-taking and the easing of global risks. However, Morgan Stanley still expects gold to surpass $4000 by mid-2026, with an average price of $3675 by the end of 2025, driven by purchases from investors and central banks.
Trump and Musk “Back Down,” Tesla Shares Rebound
Trump softened his stance towards Powell, and Musk announced that he would withdraw from the Government Efficiency Bureau to focus on Tesla. Despite a significant 71% drop in Q1 profits, Tesla’s stock surged after hours. Musk also confirmed his continued efforts to push for lower tariffs, although the final decision rests with the government.
From gold, stocks to space – today’s financial news is livelier than ever! Don’t forget to follow LiveTrade Pro for the latest updates every day!
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