🚀 Jobless claims rise

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Gold hitting record highs

The price of gold keeps heating up. If the record-breaking year of 2024 wasn't enough, gold hit a major historic 2025 milestone by crossing the $3,000/ounce threshold!

Here are 3 Key Reasons:

1. Looming economic & political uncertainty

2. Increasing central bank demand

3. Rising National Debt - over $36 Trillion

So, could gold surge even higher?

According to a recent statement from Jeffrey Gundlach, famed American business man and investor… “Gold continues its bull market that we’ve been talking about for a couple of years, ever since it was down to $1,800.” He expects gold to reach $4,000/oz.

Is it time you learn more about precious metals?

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. U.S. initial jobless claims unexpectedly jumped to 241,000 last week—the highest since February—signaling potential cracks in the labor market as the broader economy wobbles. Continuing claims surged to 1.92 million, their highest since November 2021, with New York driving much of the increase, possibly due to school recess. While seasonal factors may explain some volatility, economists warn of a broader softening trend. The spike follows a surprise GDP contraction of 0.3% in Q1, fueled by surging imports ahead of Trump’s tariffs and cooling consumer spending, raising concerns ahead of Friday’s closely watched jobs report.

2. McDonald’s reported its steepest U.S. same-store sales drop since the pandemic, falling 3.6% in Q1 as inflation-weary low- and middle-income diners pulled back. The fast-food giant missed revenue expectations with $5.96B in sales, though it narrowly beat on EPS at $2.67. CEO Chris Kempczinski cited broadening economic pressure across consumer groups, with even middle-income traffic shrinking nearly as much as low-income. While international markets also softened, McDonald’s is betting on value meals and new menu items like McCrispy Chicken Strips to rebound, reaffirming plans to open 2,200 stores in 2025.

3. The U.S. Chamber of Commerce is warning that Trump’s sweeping tariffs could push the U.S. economy into recession and is calling for urgent relief measures, including automatic exclusions for small businesses and imports unavailable domestically. In a letter to top trade officials, Chamber CEO Suzanne Clark urged the administration to implement a fast-track process for tariff exemptions, citing the “irreparable harm” already facing small firms. The plea comes as economic indicators soften, with Clark stressing that even short delays in relief could cost jobs and shutter businesses.

4. Headlines

   1. Mercedes will increase the number of models made in the US in response to Trump’s tariffs.

   2. Meta shares rose in response to its earnings beating expectations.

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