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Stock impact report

Gold Hits Record Above $5,280 as Trump Dollar Comments Aid Rally [Yahoo! Finance Canada]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
rally fueled by US dollar weakness and a flight from sovereign bonds and currencies. Bullion rose as much as 2% on Wednesday, building on a 3.4% jump in the previous session — its biggest one-day gain since April. President Donald Trump said he was not concerned about a drop in the value of the dollar that has dragged the world's premier reserve currency to its weakest level in nearly four years. Most Read from Bloomberg That decline, combined with heightened geopolitical risks and investor flight from currencies and Treasuries, has sparked a wave of investment demand in precious metals. Gold has gained around 22% since the beginning of the year, smashing through $5,000 an ounce for the first time this week. In the same period, silver has surged roughly 60%. A massive selloff in the Japanese bond market is the latest example of concerns over heavy fiscal spending, while speculation the US may intervene to support the yen has weighed on the dollar, making precious metals cheape Show less Read more
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