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Flash note
The US Federal Reserve held its target range for the Fed Funds rate unchanged yesterday, as widely expected, and the SNB -- one last cut, likely done in a highly uncertain environment.
Gold has been trading near record highs, consolidating for the past few weeks around USD 2900.
Flash note
What is at stake, what to look for, and what are the implications?
New U.S. tariffs on Canadian imports, including a 10% levy on uranium, could disrupt nuclear energy, which powers 20% of U.S. electricity. However, swift Canadian action on fentanyl trafficking has delayed the tariffs, easing immediate supply concerns. A trade war remains unlikely due to strong economic ties.
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