President Donald Trump imposed 39% tariffs on Swiss gold bars, disrupting the global gold market and potentially reshaping U.S. monetary policy. The move triggered a $3.2 billion windfall for gold holders, widened price gaps between London and New York markets, and raised concerns about COMEX short sellers. The Federal Reserve's potential revaluation of U.S. gold reserves could unlock $850 billion in gains, amid fiscal challenges and debates over unconventional fiscal tools.

Cambridge Investment Research Advisors Inc. and other institutional investors purchased shares in Macro Bank Inc. (NYSE:BMA) in the 4th quarter, with analysts updating ratings and the bank reporting earnings results. The company has a market cap of $4.52 billion and a P/E ratio of 6.20.

The Trump administration used a new authority to require U.S. financial institutions to sever ties with three Mexico-based banks linked to cartel money laundering, targeting illicit opioid trafficking and fentanyl supply chains. The Treasury Department identified CIBanco, Intercam, and Vector as primary money laundering concerns, citing their role in facilitating payments for precursor chemicals used in fentanyl production.

FX traders are increasingly favoring the euro over the dollar in currency markets due to risks associated with U.S. policy and global trade tensions. The euro has gained traction as a safe-haven currency, with trading volumes shifting significantly in favor of euro-dollar contracts. The euro has rallied 11% against the dollar this year, while the dollar has lost ground against major currencies. Market sentiment suggests the euro may outperform the dollar in the coming years, driven by factors like European economic growth and geopolitical uncertainties.

The article discusses market movements following President Donald Trump's 'liberation day' tariff announcement on April 2, 2025. It highlights the Taiwan dollar's 2-standard deviation move to the upside since the announcement and its previous two-day advance against the U.S. dollar in May 2025.