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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
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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.
On Friday night, President Donald Trump launched a Solana meme coin named $TRUMP, which has exploded in price in a matter of 48 hours.
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