Stock Market News
VIX Soars 20%; Trump Tariffs Send Gold Prices Past $3,100
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Key Takeaways
- VIX jumps nearly 20%, reaching 22.18, the highest since March 18, 2025.
- Gold surges past $3,100; Trump's tariffs could increase car prices by up to $15,000.
- Craig Johnson suggests the stock market is on solid trading footing despite tariff/inflation concerns.
- U.S. stocks underperforming; SPDR S&P 500 ETF Trust (SPY) down over 3% year-to-date.
Market Snapshot
VIX jumps nearly 20%, highest since March 18.
Stock market shows solid trading despite uncertainties.
Policy Updates
Trump's tariffs: Gold surges, car prices may jump $15,000.
Reports from March 28, 2025, indicated that gold prices surged past $3,100 and copper prices neared record highs due to Trump's tariffs. Goldman Sachs warned that these tariffs, particularly a 25% levy on automobiles, could increase car prices by up to $15,000. Furthermore, the new tariffs could trigger an 'absolute nightmare' at US ports next week.
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