President Donald Trump on Thursday afternoon signed an executive order clearing the way for a deal to put TikTok in U.S. hands, with some of his closest billionaire allies poised to take the reins.“This is going to be American-operated all the way,” Trump said during the signing, adding that the agreement had been greenlit by Chinese President Xi Jinping. “I have great respect for President Xi, and I very much appreciate that he approved the deal, because to get it done properly, we really needed the suppor ...

Core Insights - Gold prices are near a record high, trading around $3,640 an ounce, driven by expectations of a quarter-point interest rate cut by the US Federal Reserve this week and potential further reductions later in the year [1][3] - The anticipated easing of monetary policy has led to lower Treasury yields and a weaker dollar, making gold more attractive as a non-interest-bearing asset [2][3] - Gold has increased nearly 40% this year, supported by geopolitical uncertainties and central bank buying, with Goldman Sachs projecting prices could reach near $5,000 an ounce due to external pressures on the Fed [3][4] Market Dynamics - The expectation of a rate cut has influenced Treasury yields, which are at their lowest in months, and has weakened the dollar, enhancing gold's appeal [2] - Investors are closely monitoring macroeconomic indicators, which may overshadow tariff-related news [2] - The Thai government is considering a tax on gold transactions to curb the currency rally affecting exports and tourism, indicating regulatory changes that could impact gold ownership and trade [5]