Fortune (January 18)
“The greenback dropped while precious metals rallied Sunday as financial markets started reacting to President Donald Trump’s new tariff threats.” On Saturday, Trump announced 8 European allies would face “a 10% tariff starting on Feb. 1 that will rise to 25% on June 1, until a ‘Deal is reached for the Complete and Total purchase of Greenland.’” His latest threat revived smoldering fears centering on “U.S. debt and reserve currency status.”
Tags: 10%, 25%, Allies, Debt, Fears, Financial markets, Greenback, Greenland, Precious metals, Rallied, Reserve currency, Tariff, Threats, Trump
Philadelphia Inquirer (May 23)
“Catalytic converter thefts are on the rise nationwide, fueled by record prices for the precious metals in the auto part, which helps gas-powered engines burn cleaner. Demand for the metals, palladium and rhodium, has climbed in recent years as governments pass stricter emissions laws to cut pollution. The auto industry is the metals’ biggest consumer.” In the past five years, palladium has soared from $600 an ounce to $2,900, while rhodium has reached $28,000 an ounce.
Tags: Catalytic converter, Cleaner, Emissions laws, Engines, Gas-powered, Governments, Palladium, Pollution, Precious metals, Record prices, Rhodium, Stricter, Thefts
