Silver Rises Over 120% YTD 
Gold reached a historic high of $2,942 per ounce as markets react to President Trump’s announcement of 25% tariffs on steel and aluminum imports.
While U.S. steelmaker stocks rose, global markets remained relatively stable, with investors anticipating potential deal-making and exemptions.
China has responded with retaliatory duties, yet Hong Kong’s Hang Seng index has shown resilience, driven by strong AI and chip sector performance.
The market’s attention now turns to Federal Reserve Chair Powell’s upcoming testimony, which is expected to address the implications of these trade measures on inflation and monetary policy. Meanwhile, the dollar remains firm, and oil prices have maintained recent gains above $76 per barrel, reflecting the complex interplay of trade tensions and market expectations.
