Category: Digital Markets

Digital MarketsEconomy and Trading

Trump Election Remarks Reportedly Stall Argentina Stock Rally, Impacting Merval Index

Argentina’s stock market rally reportedly reversed course Tuesday following comments from former President Trump linking U.S. support to election outcomes. The S&P Merval index of major Argentine stocks declined 3% as political uncertainty resurfaced, according to market analysts.

Trump Comments Reportedly Impact Argentine Market Rally

Argentina’s stock market experienced a significant reversal Tuesday as what analysts described as a promising rally was reportedly halted by political comments from former U.S. President Donald Trump. According to reports, the downturn followed Trump’s statement that his administration’s support for Argentina would be contingent on the election success of his preferred candidate, right-leaning President Javier Milei.

by Gabriel Novak
Digital MarketsEconomy and Trading

Gold Hits Record $4,200 as Fed Rate Cut Bets and Trade Tensions Drive Rally

Gold prices have shattered records, crossing the $4,200-per-ounce threshold for the first time ever. The rally is reportedly driven by expectations of Federal Reserve rate cuts and renewed US-China trade tensions, boosting safe-haven demand across precious metals markets.

Historic Gold Rally Breaks $4,200 Barrier

Gold prices have achieved a historic milestone, crossing the $4,200-per-ounce threshold for the first time ever according to Reuters market data. Spot gold was reportedly trading at $4,200.11 per ounce, representing a 1.4% gain, while U.S. gold futures for December delivery gained 1.3% to $4,218.0 as of Wednesday morning trading sessions.

by Gabriel Novak
Digital MarketsEconomy and Trading

Wall Street Selling Resumes as China Trade Tensions Escalate

Selling pressure returned to Wall Street Tuesday as China escalated trade tensions with new sanctions against U.S. subsidiaries. The reversal comes despite strong earnings from major banks, highlighting ongoing market volatility and defensive positioning by investors.

Wall Street selling resumed with renewed intensity Tuesday as China escalated trade tensions through targeted sanctions against U.S. subsidiaries, effectively reversing Monday’s sharp market bounce and sending traders into defensive positions. The renewed pressure highlights how quickly market sentiment can shift when geopolitical tensions override strong corporate fundamentals, with the S&P 500 giving back gains from its best session since May.

China’s Trade Escalation Rattles Markets

by Aaron Blake