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President Donald Trump announced plans to impose tariffs on Canada and Mexico starting next Tuesday and to double the 10% tariff on imports from China. He cited the smuggling of illicit drugs, such as fentanyl, into the US as a reason for the tariffs. These measures have caused concerns about inflation and potential impacts on the global economy.
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News and Media
In Q4 2024, the American economy grew at a 2.3% annual rate with strong year-end consumer spending, though slower than the previous quarter's 3.1%. For the year, growth was 2.8%. Despite low unemployment (4%) and reduced inflation from 2022 highs, uncertainties loom for 2025 with President Trump's trade policies and mass deportations potentially impacting prices and labor.
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News and Media
Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market direction.
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News and Media
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