COMEX gold futures hit record high of $3,400/oz. US President Trump said on the social platform, "The golden rule of negotiation and success: He who owns the gold makes the rules." In addition, he also said, "Businessmen who criticize tariffs are not good at business, but what they are really bad at is politics. They don't understand or realize that I am the best friend of American capitalism ever!"
Gold stocks rose in overnight trading with Harmony Gold up 4.8%; Newmont Mining up 3.2%; Barrick Gold up 2.3%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.