Gold has been on the steady rise for quite some time, and it was trading at $2,772.79 per ounce on Friday. Its price grew by 2,7% this week, and it was only $17.3 away from reaching its record high of $2,790.15 hit on October 31, 2024.

The recent rise of the dollar is connected to the lack of clarity around President Donald Trump’s policy plans. The tariff uncertainty destabilized the dollar since Trump took office, and everyone has their eyes on February 1, when tariffs on Mexico, Canada, China, and the European Union could be announced.

Ryan McIntyre, senior portfolio manager at Sprott Asset Management, discussed the rise of the dollar with Reuters, saying, “There are uncertainties with proposed tariffs and other things, and gold typically does well when there’s a large or even a moderate amount of uncertainty in the market, it’s a natural place where people gravitate to.”

Bart Melek, head of commodity strategies at TD Securities, also connected the rise of the dollar to Trump’s approach to tariffs, telling Reuters that “the gold market perceives perhaps a higher inflation and possibly a central bank that’s more accommodative.”

The post Gold Nears its Record Peak as Dollar Loses Momentum appeared first on theprimarymarket.com.

TikTok became unavailable in the U.S. on January 18, after the Supreme Court unanimously upheld the law to ban the app unless it is divested from its Chinese parent company ByteDance. It was promptly removed from Google and Apple stores, only to return a day later after President-elect Donald Trump pledged to make an executive order to delay the ban.

TikTok released an official statement announcing they’re “in the process of restoring services” on Sunday afternoon. Trump also addressed the issue by saying he’ll issue an executive order on Monday to “extend the period of time before the law’s prohibitions take effect.”

The search for a potential co-owner of TikTok continued amidst the shutdown, with Perplexity AI reportedly emerging as the top contender. According to CNBC, they submitted a bid to ByteDance to merge with TikTok U.S., while allowing for most of ByteDance’s existing investors to retain their equity stakes. This artificial intelligence search engine startup was launched in 2022, and it ended in 2024 with a valuation of about $9 billion after experiencing rapid growth.

The post Perplexity AI Eyeing Merger With TikTok Amid Polarizing U.S. Ban appeared first on theprimarymarket.com.

Gold has been on the steady rise for quite some time, and it was trading at $2,772.79 per ounce on Friday. Its price grew by 2,7% this week, and it was only $17.3 away from reaching its record high of $2,790.15 hit on October 31, 2024.

The recent rise of the dollar is connected to the lack of clarity around President Donald Trump’s policy plans. The tariff uncertainty destabilized the dollar since Trump took office, and everyone has their eyes on February 1, when tariffs on Mexico, Canada, China, and the European Union could be announced.

Ryan McIntyre, senior portfolio manager at Sprott Asset Management, discussed the rise of the dollar with Reuters, saying, “There are uncertainties with proposed tariffs and other things, and gold typically does well when there’s a large or even a moderate amount of uncertainty in the market, it’s a natural place where people gravitate to.”

Bart Melek, head of commodity strategies at TD Securities, also connected the rise of the dollar to Trump’s approach to tariffs, telling Reuters that “the gold market perceives perhaps a higher inflation and possibly a central bank that’s more accommodative.”

The post Gold Nears its Record Peak as Dollar Loses Momentum appeared first on theprimarymarket.com.

TikTok became unavailable in the U.S. on January 18, after the Supreme Court unanimously upheld the law to ban the app unless it is divested from its Chinese parent company ByteDance. It was promptly removed from Google and Apple stores, only to return a day later after President-elect Donald Trump pledged to make an executive order to delay the ban.

TikTok released an official statement announcing they’re “in the process of restoring services” on Sunday afternoon. Trump also addressed the issue by saying he’ll issue an executive order on Monday to “extend the period of time before the law’s prohibitions take effect.”

The search for a potential co-owner of TikTok continued amidst the shutdown, with Perplexity AI reportedly emerging as the top contender. According to CNBC, they submitted a bid to ByteDance to merge with TikTok U.S., while allowing for most of ByteDance’s existing investors to retain their equity stakes. This artificial intelligence search engine startup was launched in 2022, and it ended in 2024 with a valuation of about $9 billion after experiencing rapid growth.

The post Perplexity AI Eyeing Merger With TikTok Amid Polarizing U.S. Ban appeared first on theprimarymarket.com.