The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Extending the rebound seen over the two previous sessions, the price of gold moved sharply higher over the course of the trading day on Thursday.
Gold for April delivery soared $98.70 or 3.2 percent to a new record closing high of $3,155.20 an ounce, marking its biggest one-day percentage gain since April 2020.
Following a three-day sell-off late last week and into Monday, gold once again seems to be seen as a safe haven amid ongoing trade tensions between the U.S. and China.
While President Donald Trump announced a 90-pause on new "reciprocal tariffs" on most countries, he excluded China from the pause and even announced he was raising the tariff on Chinese goods to 125 percent.
The U.S. and China have been engaged in a tit-for-tat exchange on trade in recent days, with China increasing its tariffs on U.S. goods to 84 percent from 34 percent after Trump previously raised the total rate on Chinese imports to 104 percent.
The continued surge by the price of gold also came amid a steep drop by the value of the U.S. dollar, with the U.S. dollar index plunging by 2.1 percent to 100.72.
In U.S. economic news, the Labor Department released a report unexpectedly showing a slight decrease by U.S. consumer prices in the month of March.
The report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent.
Excluding food and energy prices, the core consumer price index crept up by 0.1 in March after rising by 0.2 percent in February. Core prices were expected to rise by 0.3 percent.
The report also said the annual rate of consumer price growth slowed to 2.4 in March from 2.8 percent in February. Economists had expected the pace of price growth to slow to 2.6 percent.
The annual rate of core consumer price growth also fell to 2.8 percent in March from 3.1 percent in February. Core price growth was expected to dip to 3.0 percent.
A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended April 5th.
