- President Donald Trump just announced a sale on “Gold Premium,” a.k.a., a green card for $5 million per card in the next two weeks, ending the EB-5 program. This allows you to work and have a route to citizenship in the United States.
- Goal: Generate income through income tax and reduce the national debt deficit.
- Especially when he expects to have more foreign investment pulled in from the tariff threat.
- Trump is also pushing for a new tariff on copper imports, which aims to protect American industries that rely on copper while reducing China’s dominant copper market. This also encourages copper manufactured in the United States.
- However, Ray Dalio, chief investment officer of Bridgewater Associates, also cited that “China has about 33% of the manufacturing in the world, which is more than the US, Europe, and Japan combined.”
- US consumer confidence dropped below 100, suggesting that consumers have a really pessimistic economic outlook while inflation expectations surged from 5.2% to 6%, risking a potential of sticky inflation. All are results of the current tariff threat and uncertain geopolitical.
Spot Gold price significantly plunged to the lowest of 2888.10 due to profit-taking and risk-off sentiment that came forward. This came across with several reasons, such as the stagflation scenario from uncertainty about the tariff threat with geopolitical reasons, along with the recent Bybit hack that plunged in bitcoin price, which left many people to highly liquid assets such as cash.
