100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

Published: 04-28-2025, 09:12 am Gold prices have fallen about 6% from their recent record high of $3,500 per ounce as trade war tensions ease. The market has calmed following President Trump’s April 2 tariff announcements, with Asian economies making progress in trade talks. Analysts suggest the selloff accelerated as traders recognized the rally had become overextended. Hedge fund managers have reduced their gold positions to the lowest level in 14 months, and options trading patterns indicate an overheated market. Despite this correction, gold has still gained about 25% this year, supported by ETF inflows, central bank purchases, and speculative demand

Published: 04-25-2025, 05:45 pm | Updated: 04-25-2025, 10:46 am Gold has been outperforming the S&P 500 this decade, with a 113% return compared to 78%. While gold recently hit record highs, history suggests silver may be the better investment opportunity now. The gold-to-silver price ratio is currently at 98:1, far above the 30-year average of 68:1. In previous instances when this ratio was similarly high (like in March 2020), silver subsequently outperformed gold significantly. Silver offers both protection against economic uncertainty like gold, while also benefiting from industrial demand, making it potentially well-positioned for the current market conditions.

Published: 04-25-2025, 04:20 pm | Updated: 04-25-2025, 10:38 am The Federal Reserve has officially withdrawn its guidance letter that required banks to seek permission before engaging in crypto-related activities. This follows similar actions by the OCC and FDIC, completing President Trump’s campaign promise to roll back restrictions on banks working with blockchain businesses. The Fed stated it will work with other agencies to consider whether additional guidance to support innovation in crypto-assets is appropriate.