The figures above reflect that the US economy is being affected by President Donald Trump's trade policies. Recently, President Trump signed an order to double the import tariffs on steel and aluminum to 50%, which has sparked new concerns about supply chain disruptions and a prolonged trade war. At the same time, the dollar was pressured by Trump's call on Jerome Powell, Chairman of the US Federal Reserve (Fed), to urgently cut interest rates. Meanwhile, the SPDR Gold Fund still holds the same amount of gold at 935.65 tons.
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