Macroeconomic Monitor

2025.03.29

Trump shows gold the way to $4,000

In one of its latest issues, the Financial Times called gold “Trump’s top asset.” Traders and investors expected the arrival of the new president to be accompanied by market behavior for every taste – a strong dollar, a boom in crypto, or a jump in the yield of US government bonds – but the reality turned out to be different. We only see records …

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Who will foot the bill for higher defense spending in the EU?

The arrival of the new US government and its signals that the US military presence in Europe may be about to be withdrawn have caused violent reactions on the old continent. On March 4, the President of the European Commission (EC) Ursula von der Leyen officially announced the “ReArm Europe” initiative with a budget of 800 billion euros to improve …

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