The Powell effect on the markets fades remainsleaving the gold just below the new maximums historians, reached over $ 3,500 the ounce, while the Bitcoin continues to runbuilding his rally on the persistent weakness of the dollar. Weakness that derives, not so much from the complaint between Trump and Powell on the independence of the Fed, but rather on duties war Started by the US President twisted the rest of the world and more specifically, against China.
Gold under the new historical record
In the day you were, theGold touched a Intraday peak of $ 3,510 The ounce, and then close under the maximum at $ 3,419/oz. At the resumption of today’s exchanges, the precious metal travels Down 2% to 3,349 dollars the ounce. A correction that is affected by the DE-Escalation of tensions between Fed and Trump government. Since the beginning of the year, gold confirms a rise of 27%, after having earned about 10% in the last month.
Bitcoin still in rally over 90,000
The BitcoinInstead, it continues to behave as an alternative refuge to the dollar refuge, taking advantage of the persistent weakness of the green ticket. The prices today have brought to 93,500 dollars, up 5.5%. Cryptovaluta is 11% climb in the last monthbut travels below the peaks reached at the end of 2024.
“It is very likely that those who consider Bitcoin a short -term risky asset they are giving it to those who are accumulate as a coverage In the long term against macroeconomic uncertainty and as a value reserve, an aspect confirmed by an appreciation of the bitcoin parallel to the value reserve par excellence: gold “, comments a BiTwise analyst, adding” with the FED policy under attack, the dollar in decline and the US actions that begin to release from the real goods, the macroeconomic panorama is starting to start reward refuge assets not sovereigns“.
Trump sets the controversy over Powell
The President of the United States Donald Trumpwhich last week had raised a fuss, openly criticizing the president of the Fed Jerome Powell For the excessive prudence of its monetary policy strategy, it seems to have changed my mind on the possibility of “Site him” before the end of the mandate “I have no intention” To fire him, he specified Trump, whose statements on Powell had unleashed a panic selling on the market.
Between the US and China the possibility of an agreement
Meanwhile, the US Treasury Secretary Scott Bessentduring a closed -door summit organized by JP Morgan, he said he was expecting a Loor of the voltage on the duties with China, defining the current “unsustainable” situation. The Treasury owner also announced an imminent agreement with Beijing, although the negotiations have not yet started.
And the same Trump showed a softer position towards China, prediting lower “substantially” duties although “Not equal to zero”. Currently, duties with China are at a level of 145%. “I won’t play hard with China”, The president added, ensuring “we have an excellent relationship with President XI, China will be happy and we will work well together”.
