Business

Gold hits record high

Trump calls US central bank boss 'major loser'

US stocks and the dollar plunged on Monday after Donald Trump attacked the US central bank boss Jerome Powell – who he labelled a “major loser” – for failing to cut interest rates

But markets have settled elsewhere since then

The price of gold hit a new all-time record high on Tuesday, as investors seek out so-called “safe haven” assets

Elsewhere, the IMF is publishing growth forecasts for individual countries shortly – it’ll give a sense of which countries could be hit worst by the global tariff war

 

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