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April 16, 2025

Gold Soars Above $3300 as Trade Concerns Shake Markets

On April 15, U.S. markets showed a downward trend amid ongoing uncertainty surrounding tariffs and a decline in consumer and healthcare stocks. Although Bank of America and Citigroup experienced gains, bank executives cautioned about potential risks to consumer spending if trade tensions continue to escalate. Gold prices saw a significant uptick, exceeding the psychological threshold of $3300, as investors sought safety amidst the turmoil.

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