Gold and silver surge straight up! Trump makes a sudden move! It's about tariffs!

CryptocurrencySniper · 2026-02-03T03:21:13+00:00

The new policies of interest rate cuts and tariffs in the United States have triggered market reactions, with the three major stock indices closing higher across the board. Spot gold and silver have risen significantly. Trump has reached a trade agreement with India, reducing tariffs, and India has agreed to increase US goods purchases and stop buying Russian oil.

CryptocurrencySniper

2026-02-03 03:21:13

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Interest rate cuts and tariffs, big news is coming, gold and silver prices surged straight up this morning.

The three major US stock indexes all closed higher, with the Dow up 1.05% at 49,407.66 points, the S&P 500 up 0.54% at 6,976.44 points, and the Nasdaq up 0.56% at 23,592.11 points.

In the Chinese concept stock sector, the Nasdaq Golden Dragon China Index fell 0.65%, with individual stocks such as XPeng Motors dropping over 8%, TAL Education down more than 4%, iQiyi down over 4%, and NIO nearly 4%.

After experiencing significant volatility, spot gold opened sharply higher this morning, currently up 1.6% and surpassing $4700. Spot silver also rose over 3%.

On the news front, two major pieces of news may influence market trends.

First, Atlanta Federal Reserve President Bostic spoke, stating that the Federal Reserve should not cut interest rates this year. It is still premature to assert that inflation targets have been achieved. The policy interest rate needs to be maintained at a moderately restrictive level; patience is required, and adjusting (policy) in any direction at this stage is not wise.

Second, on February 2nd, local time, President Trump posted on the social media platform “Real Social” that he had a phone call with Indian Prime Minister Modi that morning.

Trump stated that the two sides reached a US-India trade agreement, and the so-called “reciprocal tariffs” that the US imposes on Indian goods will be reduced from 25% to 18%, effective immediately. India will also correspondingly lower tariffs and non-tariff barriers on US goods until they reach zero. Trump also said that Modi promised to significantly increase purchases of US products, including over $500 billion worth of US energy, technology, agricultural products, coal, and many other products.

Trump claimed that Modi agreed for India to stop buying Russian oil and to buy more oil from the US, and India may also purchase oil from Venezuela.

As of now, the White House has not issued an official statement on this. Modi posted on social media that day confirming that the US agreed to reduce India’s import tariffs to 18%.

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