President-elect Donald Trump has issued a stark ultimatum to the European Union: increase purchases of American oil and gas or face tariffs. Trump’s demand aims to address the trade deficit between the US and EU, which reached $131.3 billion in 2022. While the EU has already significantly increased its imports of US hydrocarbons in recent years, ramping up purchases to the level Trump suggests faces numerous practical constraints.

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Gold Is Decoupling From Geopolitics. Here’s the Proof
Gold rose 3% on Iran peace news Wednesday. It held those gains Thursday when the US military briefed Trump on strike options. Same metal, opposite headlines, same price — because the monetary floor beneath gold is now larger than any geopolitical premium on top of it.




