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Recession Fears, Gold Records, And Trade Wars: This Week In Economics

The past week was a rollercoaster ride for the markets, with recession fears, record gold prices, and escalating trade wars dominating headlines. The Nasdaq and S&P 500 hit six-month lows, while gold soared to new heights.Meanwhile, China imposed tariffs on its largest U.S. import, soybeans, and other agricultural products, causing a stir in the market. Amidst all this, there was a glimmer of hope as tech stocks and Bitcoin rebounded following Ukraine’s acceptance of a U.S.-backed ceasefire proposal with Russia.Recession Fears Drive Markets LowerThe Nasdaq 100 and S&P 500, tracked by SPDR S&P 500, saw significant declines this week, with tech giants like Tesla, Inc. and Palantir Technologies, Inc. leading the downward trend. President Donald Trump’s acknowledgment of a potential ...Full story available on Benzinga.com

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