TRUMP’S Bold Trade Shift Ignites Stock Surge, Gold Soars, Bitcoin ETF Shatters Records
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— U.S. stocks jumped for the third day after President Trump signaled a gentler approach on tariffs, especially with China and car makers. The White House is weighing exemptions for auto parts from China, lifting hopes among investors. Big names like Alphabet and Procter?&?Gamble will report earnings soon.
Gold prices shot up over 1% after a rocky week. Uncertainty around the globe and changing interest rates helped push gold above $3,300 an ounce. Experts say it’s smart to hold gold right now as Trump eases up on both the Fed and China.
The U.S. dollar lost steam when Trump backed away from firing Fed Chair Jerome Powell and hinted at softer trade moves. The Japanese Yen got stronger as talk of a fast US-China deal faded.
In crypto news, BlackRock’s Bitcoin ETF smashed records — pulling in $643 million in one day and winning “Best New ETF.” Trump Media also announced new financial products focused on American-made digital assets and held an invite-only event for top holders of its meme coin.
