Reported about 13 hours ago
Former Treasury Secretary Larry Summers cautioned that the U.S. economy risks a financial crisis similar to the UK's 2022 turmoil. Gold prices surged to $3,500, reflecting investors' flight to safety amid uncertainties. Summers noted concerning signs in the U.S. financial system, with declines in stocks, bonds, and currency, urging caution as volatility continues and markets react to geopolitical tensions and tariffs.
Source: YAHOO