"unholy mess"
"effective immediately"
"extraordinarily anti-American decision"
Gold prices climbed while the US dollar weakened after the US Supreme Court struck down a major portion of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Gold briefly hit about $5,280 per ounce before settling near $5,140, up roughly 0.7%. The dollar fell about 0.3% against both the pound and the euro. US futures for the S&P 500 and Dow Jones were down, signaling lower opens for Wall Street. The US president announced an immediate increase of the global tariff rate to 15% and called the decision extraordinarily anti-American, prompting warnings of heightened market risk.
Read at London Business News | Londonlovesbusiness.com
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