Bloomberg reports that gold’s record-breaking rally is making even bigger waves in China, spurring retail demand and driving unprecedented trading volume.As prices swing, signs of surging intraday trading have emerged, with yuan-denominated futures hitting historic volatility highs. Traders are navigating trade tensions with skill. Meanwhile, ETF inflows are soaring, retail activity is booming, and local price premiums are widening.China, as the world’s largest gold consumer and a major producer, holds significant influence over global gold markets. Gold has been the top-performing major commodity this year, fueled by safe-haven demand amid aggressive trade policy shifts and central banks’ buying spree.Jinrui Futures said: “Local media coverage amplifies fear and greed.” Despite brief midw

Wall Street is turning pessimistic. UBS has lowered its price target for Tesla to $190 and expects the electric vehicle maker’s car deliveries to decline by 11% in 2025. According to a research report by the UBS analyst team, tariffs imposed by a potential Trump administration on the global auto industry could increase the average cost per vehicle by $5,000 and reduce domestic demand in the U.S. by 9%. q1 delivery missedMeanwhile, analysts at Mizuho also lowered their price target for Tesla to $375, noting that the tariffs would raise Tesla’s prices and erode already weak demand. In their report, Mizuho analysts wrote: “While the lower expectations for 2025 are becoming more widely accepted, we believe Tesla’s overall earnings trajectory remains overly optimistic. The stock is likely to fl

Trump believes he can, because the legal provisions are vague. There is no legal precedent regarding whether a president has the authority to dismiss a Fed chair before the end of their term.Powell made it clear six years ago that if his position were challenged, he would take legal action — a stance he has reiterated in recent public statements. This is why Trump is reportedly seeking the opinion of Supreme Court justices.However, the Supreme Court is almost certain to reject such a request. The reason is simple: the Federal Reserve must maintain independence from the federal government and the U.S. Treasury.Treasury Secretary Bessent understands this well. He believes the move is extremely risky and offers little to no benefit. This week, he stated that the Fed's independence in monetary

Goldman Sachs Slashes S&P 500 Forecasts Again Amid Tariff TensionsAfter a flurry of soft economic data, US stocks closed out last week with a 2% drop as investors reevaluate their assumptions about the economy. Goldman Sachs officially slashed its  $S&P 500(.SPX)$ forecasts for the second time this month, citing higher tariffs and growing recession risks. The bank now expects the index to dip to 5,300 over the next three months, before rebounding to 5,700 by year-end and 5,900 in 12 months.The new year-end target marks a sharp downgrade from the earlier 6,200 and stands just 2% above where the index closed on Friday, putting it among the lowest forecasts on Wall Street,