‘Economic ruination of the US is coming if…': Trump warns courts after ruling on tariffs
US President Donald Trump has warned that if US courts strike down his tariff policy, it could lead to the 'economic ruination' of the country. In a fiery Truth Social post, Trump said foreign nations could then hold America hostage using anti-US tariffs. His warning comes amid an intense legal battle over his emergency tariff powers, which a federal court temporarily blocked before an appeals court reinstated them. Trump vows to defend his trade plan at all costs. Show more 03:25
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Economic Times
19 minutes ago
- Economic Times
Gold price prediction: Will gold stay flat as U.S. jobs data battles trade war fears ahead of Fed signals?
Gold prices stayed flat on Wednesday as strong U.S. jobs data offset rising safe-haven demand linked to U.S.-China trade tensions. Spot gold held at $3,349.19, while U.S. gold futures stayed at $3,373.10. April saw more job openings, but also the highest layoffs in 9 months, signaling mixed labor signals. President Trump raised pressure on China with tough trade remarks and fresh tariffs. Analysts expect gold to remain between $3,300–$3,400 short term, ahead of Friday's key non-farm payrolls report. Markets await Federal Reserve policy signals, keeping gold in focus during these uncertain times. Gold prices hold steady as strong U.S. jobs data balances safe-haven demand from U.S.-China trade tensions. Spot gold remains at $3,349.19, while investors await the non-farm payrolls report and Fed signals for the next move in the gold market. Tired of too many ads? Remove Ads What's holding gold steady despite global uncertainty? How are Trump's tariffs and comments on China affecting gold? Tired of too many ads? Remove Ads Will the U.S. non-farm payrolls data change gold's direction? How much movement can we expect in gold prices? What's the latest on silver, platinum, and palladium? Spot silver dipped by 0.5% to $34.32 an ounce Platinum rose 1.1% to $1,085.50 Palladium fell 0.5% to $1,005.11 Tired of too many ads? Remove Ads FAQs: Gold prices held their ground on Wednesday, June 4, as fresh U.S. labor data showed unexpected strength, balancing out investor demand for safe-haven assets like gold due to ongoing trade tensions between the U.S. and China. As of 11:45 GMT, spot gold stood firm at $3,349.19 per ounce, while U.S. gold futures were unchanged at $3, job market gave investors some relief, yet growing global concerns—especially sharp words and tariff moves from President Donald Trump—kept gold from falling further. "U.S. labor data gave markets a bit of relief yesterday, causing a small dip in gold prices. However, tensions between the U.S. and China are still keeping risks high and gold prices supported,' said Zain Vawda, market analyst at MarketPulse by many expected gold to climb on geopolitical stress, stronger U.S. job numbers provided a counterweight. According to new data, U.S. job openings rose in April, signaling continued hiring demand. However, the same report showed that layoffs hit a 9-month high, adding a layer of uncertainty to the mixed signals suggest the labor market isn't entirely stable. Investors are watching closely to see if interest rate cuts are still on the table—or if the economy is stronger than the same day gold prices stayed steady, President Donald Trump said Chinese President Xi Jinping is 'extremely hard to make a deal with.' His comment came days after accusing China of backing out of an agreement to reduce tariffs and trade a sharp move, the U.S. doubled tariffs on steel and aluminum imports on Wednesday. The administration is also pressing trade partners to submit 'best offers' ahead of more penalties expected in early July. This backdrop is adding pressure to global trade flows and supporting demand for gold as a safe-haven eyes are now on the U.S. non-farm payrolls report , due Friday. The data could heavily influence Federal Reserve policy, particularly around interest rates.'If the data is stronger than expected, interest rate cut expectations are likely to wane, which would weigh on the gold price,' said Carsten Fritsch, analyst at generally performs well in a low-interest-rate environment. When rates are expected to drop, gold becomes more attractive to investors, since it doesn't yield interest now, analysts expect gold to trade within a fairly tight range. 'We see gold trading between $3,300 and $3,400 per troy ounce in the short term,' Fritsch the market split between upbeat labor signals and global trade worries, gold is likely to stay stuck in a range unless one side clearly tips the scale—either through surprise economic data or an escalation in trade precious metals showed mixed trends:These shifts reflect broader market caution as investors look for clarity on rate cuts, global trade, and the strength of the world U.S. jobs data offset safe-haven demand for helps predict interest rate policy, which directly impacts gold prices.
Time of India
21 minutes ago
- Time of India
Erasing Black history is erasing America's future
Debashis Chakrabarti is a political columnist, Commonwealth Fellow (UK), and internationally recognized academic whose career bridges journalism, policy, and higher education leadership. A former journalist with The Indian Express, he brings the precision of investigative reporting to his political analysis and scholarly work. He has served as Professor and Dean at leading institutions across the UK, India, Africa, and the Middle East, with expertise in media studies, political communication, and governance. LESS ... MORE 'Those who control the past control the future. Those who control the present control the past.' — George Orwell, 1984 When Donald Trump declared that he wanted to 'make America great again,' few questioned whose America he was referring to. But today, as he and his ideological allies attempt to erase the historical trauma and triumphs of Black Americans, it's become chillingly clear: this project of erasure is not just political — it's existential. The president's campaign to dismantle the teaching of Black history is no longer covert. Through measures like banning critical race theory, censoring educational curricula, and prohibiting books that centre on enslaved people's experiences, Trump is attempting to rewrite America's historical DNA — bleaching it of its multiracial struggles and resistance. A dangerous revisionism in the classroom Across states like Florida, Texas, and now others emboldened by Trump-aligned governors, educational boards are implementing directives that portray slavery as 'involuntary relocation' and the civil rights movement as an ideological dispute rather than a fight for justice. Even AP African American Studies has come under attack, accused of being 'woke indoctrination.' Scholars and historians have condemned these acts as a form of state-sponsored amnesia. The goal? To promote a version of American history that sanitises white dominance and expunges the enduring legacy of Black resistance is not mere revisionism—it is an assault on historical truth. It flatters whiteness not as fact, but as myth, while rendering invisible the generations who fought, bled, and built the moral conscience of this nation.' Erasing Black history is silencing Black futures Trump's cultural counter-revolution doesn't merely distort the past. It suffocates the intellectual space that Black youth need to understand their identity, heritage, and power. In doing so, it enacts a new form of disenfranchisement: psychological, educational, and political. This is a strategy not unfamiliar in history. 'If you can control a man's thinking,' wrote Carter G. Woodson in his seminal 1933 work The Mis-Education of the Negro, 'you do not have to worry about his actions.' Woodson, the architect of Black History Month, understood that historical erasure is never accidental—it is strategic. When the state systematically strips away stories of Black resistance and resilience, it does more than distort the past; it conditions the future. In place of empowered memory, it cultivates manufactured docility—history weaponised not to educate, but to pacify. We must ask: what happens to a generation deprived of its memory? The TikTok generation must refuse amnesia To Gen Z — who are reshaping activism through hashtags, viral videos, and digital resistance — the erasure of Black history is not just a policy shift; it is a threat to collective identity. Your bodies have marched in protests, your voices have called out injustice, and your creativity has birthed cultural revolutions — from Black Lives Matter to the global resonance of Juneteenth. You inherit not just a history of oppression, but a legacy of defiance — from Harriet Tubman's underground networks to James Baldwin's prophetic pens, from Fred Hampton's revolutionary visions to Beyoncé's unapologetic artistry. Now is the time to weaponise memory. If the state forbids certain books, read them louder. If your classrooms whitewash slavery, repaint it with truth. If they fear your knowledge, make it go viral. Black history is American history Let's be clear: what is under attack is not a niche academic subfield but the very soul of America. The attempt to delete the narrative of Black struggle and contribution is an attack on the constitution's promises, on democracy's foundations, and on the moral conscience of a nation. The United States cannot claim greatness while severing its ties to the history of Black labor, Black thought, and Black dreams. As Nikole Hannah-Jones rightly argued in The 1619 Project, it is from the shackles of slavery that America's founding contradictions are most visible — and from Black resistance that its promises are most vividly pursued. The choice is ours This is not just Trump's war. It is an orchestrated campaign to distort truth, erase historical memory, and undermine the very foundations of justice. And it will be won or lost not only in courtrooms and Congress, but in libraries, classrooms, living rooms, and on TikTok feeds. To young Black Americans: the future belongs to those who remember. Not because remembrance comes easily — but because the cost of forgetting is irreparable. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
Time of India
26 minutes ago
- Time of India
Gold price prediction: Will gold stay flat as U.S. jobs data battles trade war fears ahead of Fed signals?
Gold prices steady as strong U.S. jobs data offsets safe-haven demand amid rising U.S.-China trade tensions- Gold prices held their ground on Wednesday, June 4, as fresh U.S. labor data showed unexpected strength, balancing out investor demand for safe-haven assets like gold due to ongoing trade tensions between the U.S. and China. As of 11:45 GMT, spot gold stood firm at $3,349.19 per ounce, while U.S. gold futures were unchanged at $3,373.10. The job market gave investors some relief, yet growing global concerns—especially sharp words and tariff moves from President Donald Trump—kept gold from falling further. "U.S. labor data gave markets a bit of relief yesterday, causing a small dip in gold prices. However, tensions between the U.S. and China are still keeping risks high and gold prices supported,' said Zain Vawda, market analyst at MarketPulse by OANDA. What's holding gold steady despite global uncertainty? While many expected gold to climb on geopolitical stress, stronger U.S. job numbers provided a counterweight. According to new data, U.S. job openings rose in April, signaling continued hiring demand. However, the same report showed that layoffs hit a 9-month high, adding a layer of uncertainty to the picture. These mixed signals suggest the labor market isn't entirely stable. Investors are watching closely to see if interest rate cuts are still on the table—or if the economy is stronger than expected. How are Trump's tariffs and comments on China affecting gold? On the same day gold prices stayed steady, President Donald Trump said Chinese President Xi Jinping is 'extremely hard to make a deal with.' His comment came days after accusing China of backing out of an agreement to reduce tariffs and trade restrictions. Live Events In a sharp move, the U.S. doubled tariffs on steel and aluminum imports on Wednesday. The administration is also pressing trade partners to submit 'best offers' ahead of more penalties expected in early July. This backdrop is adding pressure to global trade flows and supporting demand for gold as a safe-haven asset. Will the U.S. non-farm payrolls data change gold's direction? All eyes are now on the U.S. non-farm payrolls report , due Friday. The data could heavily influence Federal Reserve policy, particularly around interest rates. 'If the data is stronger than expected, interest rate cut expectations are likely to wane, which would weigh on the gold price,' said Carsten Fritsch, analyst at Commerzbank. Gold generally performs well in a low-interest-rate environment. When rates are expected to drop, gold becomes more attractive to investors, since it doesn't yield interest itself. How much movement can we expect in gold prices? For now, analysts expect gold to trade within a fairly tight range. 'We see gold trading between $3,300 and $3,400 per troy ounce in the short term,' Fritsch added. With the market split between upbeat labor signals and global trade worries, gold is likely to stay stuck in a range unless one side clearly tips the scale—either through surprise economic data or an escalation in trade tensions. What's the latest on silver, platinum, and palladium? Other precious metals showed mixed trends: Spot silver dipped by 0.5% to $34.32 an ounce Platinum rose 1.1% to $1,085.50 Palladium fell 0.5% to $1,005.11 These shifts reflect broader market caution as investors look for clarity on rate cuts, global trade, and the strength of the world economy. FAQs: Q1. Why did gold prices stay flat despite rising trade tensions? Stronger U.S. jobs data offset safe-haven demand for gold. Q2. What role does the non-farm payrolls report play in gold prices? It helps predict interest rate policy, which directly impacts gold prices.
