Trump, Fed and Gold
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President Trump hosted Apple CEO Tim Cook at the White House as they announced new US investments. Cook also gifted Trump a plaque with gold base.
Jack White has some thoughts on the gilding of the White House. The rocker who opened a bespoke upholstery shop in Detroit in the mid 1990s before launching his music career - and who has long had a keen eye for visual aesthetics - went scorched earth on Donald Trump's gold-plated makeover of the People's House in a no-holds-barred Instagram post on Tuesday (Aug.
It looks like Liberace got high and decided to redecorate,” one social media user said of the president’s White House makeover.
President Donald Trump clarifies that gold imports will not be tariffed in new Truth Social announcement, following uncertainty over the matter stemming from U.S. Customs ruling.
Gold prices fell in anticipation of Monday’s clarification from the White House on excluding gold from tariffs.
As Trump’s base loves gold, Trump quickly announced on Truth Social on August 11 that “Gold will not be Tariffed!” easing shortage fears and dropping the price of gold back down by 2.48%.
Gold futures finished lower for the week, as improved risk appetite in markets diverted flows away from safe-haven assets.
Latitude Managing Director Chris Willis told Newsweek, "In the end, less than 1,000 Trump Cards will be sold."
Gold prices were largely steady on Monday, as investors focused on U.S. President Donald Trump's meeting with Ukrainian and European leaders, and the Federal Reserve's annual symposium in Jackson Hole this week.