The global markets are again under pressure after an escalation in the US commercial tensions, and investors flee to the actions and technological actions that receive a beating.
Gold increased more than 2% on Wednesday to exceed $ 3,300 per ounce and established a new record. The dollar weakened even more, and Nasdaq’s futures pointed out a difficult day ahead for Wall Street.
On Tuesday, the White House announced tariffs of up to 245% in Chinese imports in response to China’s retaliation measures and the prohibitions of exports of key strategic materials, including elements of rare earth, Galio and Germanio that are used the production of high -speed computer chips. The measure follows an executive order that begins an investigation into the national security risks linked to the dependence of the United States in foreign critical minerals.
The markets reacted quickly. The dollar index (DXY) fell below the 100, which pointed out a reduction in investor confidence in the US currency. Meanwhile, the euro was strengthened to $ 1.13 and Yen 142 per dollar.
The actions fought. Nasdaq Futures fell more than 2%, with particularly affected technological actions. The shares of Nvidia (NVDA) fell 7% prior to the market after the company revealed that the new US export controls. Uu. In Chips ai, China would cost $ 5.5 billion in lost income. The announcement raised broader profits throughout the semiconductor industry, which depends largely on Chinese demand.
Bitcoin (BTC) fell slightly to $ 83,000 after the news, which reflects its strongest correlation with US technological actions instead of acting as a safe asset like gold.
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