Latest news with #Trump-era
News18
10 hours ago
- Business
- News18
Gold Price Prediction: Will Gold Hit Rs 1,10,000 Per 10 grams? Here's What Experts Say
Last Updated: Gold and silver saw sharp volatility on Thursday, initially falling after a US Federal Court blocked Trump's tariff plan; Good time to invest? Gold Price Prediction: Investors booked profits in gold on Friday, May 30, as June MCX gold futures opened lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams, amid concerns about Trump-era tariffs and volatile trade. This was despite supportive preliminary GDP data showing an economic contraction, which had earlier boosted gold's safe-haven appeal. Analysts remain bullish on gold, projecting a potential rise to Rs 1,10,000 per 10 grams within a year, citing gold's consistent track record of delivering solid long-term returns. On Thursday, gold and silver futures closed higher in domestic and global markets. Gold June futures settled at Rs 95,389/10g with a 0.12% gain, and silver July futures at Rs 97,826/kg, up 0.59%. However, on Friday, silver July futures at MCX also opened lower by Rs 884, or 0.9%, at Rs 96,942/kg. Gold and silver saw sharp volatility on Thursday, initially falling after a US Federal Court blocked Trump's tariff plan. However, prices recovered after President Trump announced plans to appeal the ruling. Meanwhile, the dollar index slipped as US jobless claims rose more than expected, lending support to bullion prices. Currently, the US Dollar Index (DXY) is hovering near 99.44, up 0.16%. US jobless claims increased last week to 240,000, higher than expectations of 229,000. Preliminary GDP data also signaled contraction, adding to gold's safe-haven demand. Manoj Kumar Jain of Prithvifinmart Commodity Research expects gold and silver prices to remain volatile, driven by dollar index fluctuations, geopolitical tensions, and key US data releases. 'Gold could hold support at $3,250/oz and silver at $32.80/oz on a weekly closing basis," he said. Rahul Kalantri, VP Commodities at Mehta Equities Ltd., noted that while gold plunged initially after the US court ruling, prices bounced back amid growing economic concerns. 'Gold has support at $3,274-3,255 and resistance at $3,322-3,340; silver's support is at $32.82-32.65 and resistance at $33.35-33.55," Kalantri said. In INR terms, gold has support at Rs 94,910-94,580 and resistance at Rs 95,750-95,940. Silver's support is at Rs 96,480-95,750, with resistance at Rs 97,950-98,750. Trading Strategy Manoj Kumar Jain suggests: Gold price prediction Angel One expects gold to continue delivering strong returns, projecting a price of $4,000/oz internationally and Rs 1,10,000/10g domestically within a year. They suggest accumulating around Rs 85,000/10g for long-term investment. First Published: May 30, 2025, 14:06 IST
New Indian Express
12 hours ago
- Business
- New Indian Express
Elon Musk: Disruptor on the move
Elon Musk's whirlwind stint in Washington has ended much the way it began: with disruption, controversy, and an unwavering refusal to play by the rules. After just 129 days leading the Department of Government Efficiency (DOGE) — a Trump-era creation aimed at slashing federal spending and injecting private-sector dynamism into public institutions — Musk exits with a polarising legacy. It's a record defined as much by lofty ambition as by uneven delivery. From the outset, his appointment was a signal of disruption. As the world's richest man and an icon of tech-driven transformation, Musk embodied the kind of outsider energy that President Donald Trump relishes. He arrived with a headline-grabbing pledge: cut $2 trillion from federal spending. Though that target was eventually scaled down, DOGE still claimed $175 billion in savings, an eye-catching figure, though experts continue to debate its validity. As with his ventures at Tesla and SpaceX, Musk's goals were grand, his execution divisive. Yet Musk did leave a mark. His influence was clearest in the aggressive downsizing of US foreign aid, most notably the gutting of USAID. Programmes focused on food security, gender equity, and global health was sharply curtailed or axed outright, raising alarms among humanitarian organisations. From stalled medical programmes in rural India to canceled scholarships for Afghan girls, the cuts drew intense criticism. In Musk's calculus, it seemed, impact was measured in dollars saved, not lives affected.
Economic Times
19 hours ago
- Business
- Economic Times
Wall Street loves the laughs: Trump acronym parodies like TACO and FAFO take meme markets by storm
Wall Street traders are using acronyms to comment on Donald Trump's policies. These acronyms, like TACO and FAFO, reflect market volatility. They also highlight investor concerns about economic risks. The White House dismisses these acronyms as ridicule. Tired of too many ads? Remove Ads What are traders saying with acronyms like TACO and FAFO? How are markets reacting to Trump's unpredictable policies? Tired of too many ads? Remove Ads How did the White House react to the acronym parodies? Could these acronyms be considered as mere jokes or do they serve as meaningful indicators? Tired of too many ads? Remove Ads FAQs Wall Street is more than just numbers and financial jargon; apparently, it's also got jokes. During President Donald Trump's second term, traders are transforming his slogan-heavy style into meme-worthy "TACO" to "FAFO," these acronym parodies are popping up on trading desks and in market chatter. Although they are often amusing, these memes reflect serious investor concerns regarding changing policies and economic risks during Trump's second observers have taken advantage of President Trump's habit of shortening slogans into acronyms like MAGA, DOGE, and MAHA, and they have been circulating among trading desks for the past four months of his second abbreviations devoid of a trading strategy capture elements that traders claim are crucial in Trump-era markets, like volatility and uncertainty, which investors should take into account when making strategies that benefited from Trump's trade, economic, and international relations policies are linked to some of the new labels. Others discuss his economic ramifications or abrupt reversals in response to his proposals from trade partners and to Potomac River Capital LLC 's chief investment officer Mark Spindel, the market is stuck in a "pinball machine as a result of Trump's policymaking process."In an email, White House spokesperson Kush Desai said that these ridiculous acronyms demonstrate how uncritical analysts have ridiculed President Trump and his agenda, which has already produced a number of inflation and employment reports that exceeded expectations, as quoted in a report by the following acronyms have gained popularity in the investment community, as per a report by Reuters:A Financial Times columnist came up with the term "TACO" (Trump Always Chickens Out), which has been used to characterize Trump's back and forth on tariffs following his "Liberation Day" speech on April 2. During a recent press conference, the president snapped at a question about TACO, calling it "nasty."The term "MEGA" (Make Europe Great Again) was first used to discuss European competitiveness last year, but it reappeared this spring to refer to the surge of investor interest in and flows into European markets. Online shopping for MEGA hats, which mimic their MAGA counterparts, is simple. Due to the outperformance of European stocks immediately following Trump's "Liberation Day" tariff bombshell, traders and investors have given it new America Go Away (MAGA): Although the original Trump trade was also referred to as the MAGA trade, this version adopted the president's motto. It initially surfaced in reaction to Vice President JD Vance's short-lived and unsuccessful trip to Greenland, a Danish autonomous territory that Trump has indicated he would like to annex. The joke is circulating among trading desks in Toronto and Montreal, according to at least one Canadian investor, and it is causing "wishful thinking" about merely boycotting U.S. (Fuck Around and Find Out) is an acronym that was coined long before Trump was elected president, but it is becoming more and more common in trading desk discourse. It is employed to record the chaos and volatility of the financial markets brought about by Trump's policymaking process."YOLO (You Only Live Once) seemed to encourage outsized risks in concentrated investment themes," Art Hogan, a strategist at B. Riley Wealth, stated after the tendency that was a part of that Trump trade to pursue high-momentum strategies, like cryptocurrency, is referred to by the acronym YOLO. "While the term YOLO was popular for a period of time, it contradicts all conventional advice," Art Hogan stands for "Trump Always Chickens Out,' it mocks Trump's inconsistency on key issues such as tariffs, implying that he frequently backs down from bold use them to mock the chaos, volatility, and mixed signals in Trump-era markets. They're entertaining, but they also address legitimate investor concerns.
Time of India
20 hours ago
- Business
- Time of India
Wall Street loves the laughs: Trump acronym parodies like TACO and FAFO take meme markets by storm
Wall Street traders are using acronyms to comment on Donald Trump's policies. These acronyms, like TACO and FAFO, reflect market volatility. They also highlight investor concerns about economic risks. The White House dismisses these acronyms as ridicule. Tired of too many ads? Remove Ads What are traders saying with acronyms like TACO and FAFO? How are markets reacting to Trump's unpredictable policies? Tired of too many ads? Remove Ads How did the White House react to the acronym parodies? Could these acronyms be considered as mere jokes or do they serve as meaningful indicators? Tired of too many ads? Remove Ads FAQs Wall Street is more than just numbers and financial jargon; apparently, it's also got jokes. During President Donald Trump's second term, traders are transforming his slogan-heavy style into meme-worthy "TACO" to "FAFO," these acronym parodies are popping up on trading desks and in market chatter. Although they are often amusing, these memes reflect serious investor concerns regarding changing policies and economic risks during Trump's second observers have taken advantage of President Trump's habit of shortening slogans into acronyms like MAGA, DOGE, and MAHA, and they have been circulating among trading desks for the past four months of his second abbreviations devoid of a trading strategy capture elements that traders claim are crucial in Trump-era markets, like volatility and uncertainty, which investors should take into account when making strategies that benefited from Trump's trade, economic, and international relations policies are linked to some of the new labels. Others discuss his economic ramifications or abrupt reversals in response to his proposals from trade partners and to Potomac River Capital LLC 's chief investment officer Mark Spindel, the market is stuck in a "pinball machine as a result of Trump's policymaking process."In an email, White House spokesperson Kush Desai said that these ridiculous acronyms demonstrate how uncritical analysts have ridiculed President Trump and his agenda, which has already produced a number of inflation and employment reports that exceeded expectations, as quoted in a report by the following acronyms have gained popularity in the investment community, as per a report by Reuters:A Financial Times columnist came up with the term "TACO" (Trump Always Chickens Out), which has been used to characterize Trump's back and forth on tariffs following his "Liberation Day" speech on April 2. During a recent press conference, the president snapped at a question about TACO, calling it "nasty."The term "MEGA" (Make Europe Great Again) was first used to discuss European competitiveness last year, but it reappeared this spring to refer to the surge of investor interest in and flows into European markets. Online shopping for MEGA hats, which mimic their MAGA counterparts, is simple. Due to the outperformance of European stocks immediately following Trump's "Liberation Day" tariff bombshell, traders and investors have given it new America Go Away (MAGA): Although the original Trump trade was also referred to as the MAGA trade, this version adopted the president's motto. It initially surfaced in reaction to Vice President JD Vance's short-lived and unsuccessful trip to Greenland, a Danish autonomous territory that Trump has indicated he would like to annex. The joke is circulating among trading desks in Toronto and Montreal, according to at least one Canadian investor, and it is causing "wishful thinking" about merely boycotting U.S. (Fuck Around and Find Out) is an acronym that was coined long before Trump was elected president, but it is becoming more and more common in trading desk discourse. It is employed to record the chaos and volatility of the financial markets brought about by Trump's policymaking process."YOLO (You Only Live Once) seemed to encourage outsized risks in concentrated investment themes," Art Hogan, a strategist at B. Riley Wealth, stated after the tendency that was a part of that Trump trade to pursue high-momentum strategies, like cryptocurrency, is referred to by the acronym YOLO. "While the term YOLO was popular for a period of time, it contradicts all conventional advice," Art Hogan stands for "Trump Always Chickens Out,' it mocks Trump's inconsistency on key issues such as tariffs, implying that he frequently backs down from bold use them to mock the chaos, volatility, and mixed signals in Trump-era markets. They're entertaining, but they also address legitimate investor concerns.
Mint
a day ago
- Business
- Mint
From TACO, FAFO to MEGA: Acronyms investors are loving in Donald Trump era
Donald Trump's love for catchy acronyms has been quite evident during his four-month presidency till now, and the US President is often seen turning catchphrases like MAGA, DOGE and MAHA into slogans. Now, market observers have taken a cue to follow his path, coming up with a few of their own acronyms that have been spreading across the trading industry. As per a report by Reuters, traders say that these acronyms are relevant for Trump-era markets, such as volatility and uncertainty, which investors need to consider when making decisions. Some of the new labels are associated with investment strategies that aimed to capitalise on Trump's economic and trade polices and international relations goals. Others are targeted at economic implications or his U-turns as markets and trade partners react to his proposals. From TACO to FAFO, here are some of the new acronyms that have captured the investment world in the recent times: TACO stands for 'Trump Always Chickens Out'. The word was coined by a Financial Times columnist and refers to the US President's tendency to go back and forth on tariffs and trade deals in the wake of his April 2 "Liberation Day" speech. When asked about TACO earlier this month, Trump was visibly offended. An acronym for 'Fuck Around and Find Out', FAFO is a word that has been there for quite a long time. However, it has found some renewed relevance as a favourite work at trading desks. It is used to capture the financial market's volatility and chaos that Trump's policymaking process has created. This MAGA stands for 'Make America Go Away' first appearing in response to Vice President JD Vance's brief and unfruitful visit to Greenland, the autonomous territory of Denmark, which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking "wishful thinking" about simply boycotting US investments, as per Reuters. Meaning Make Europe Great Again, MEGA was first coined last year to address European competitiveness. It has resurfaced this Spring as a way to describe the flurry of investor interest in and flows into European markets. It's been revived by investors and traders in light of the outperformance European stocks in the immediate aftermath of Trump's "Liberation Day" tariffs bombshell.
