usthreemajorindexespostweeklylosses

President Donald Trump announced Friday he would allow a 90-day tariff exemption for some ground beef products, as he continues to log low approval ratings on his handling of the economy and cost of living—top concerns for voters in the 2026 midterm elections.
Trump said on Truth Social, “for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff.”
He said the U.S. has “a commitment that this beef will be sold at 25 percent below current market prices.”
Additional details about the tariff relief, including what ground beef products it would apply to, were not immediately clear.
The announcement comes as polls consistently show Trump’s approval rating on the cost of living is underwater—a Financial Times/Focaldata poll released earlier this week found more than 53% of registered voters said they’re worse off financially during Trump’s second term.
The poll also found voters were more likely to say they trusted Democrats over Republicans to handle inflation and the cost of living.
Meanwhile, ground beef prices have soared to a record high, $6.89 a pound in July, amid a shortage of cattle.
$13.06. That’s how much Americans are paying per pound for ground beef, up from $11.88 last July and $10.86 in July 2024, according to the U.S. Bureau of Labor Statistics.
The Trump administration in May delayed a planned suspension of beef imports, amid concerns from some Republicans and ranchers who say that allowing more imports could hurt the already struggling industry. Ranchers reduced their herds during the pandemic as livestock prices plummeted, maintenance costs soared and drought dried up grasslands.
Among Trump’s other moves to lower beef prices, he signed an executive order earlier this year increasing some Argentine beef import quotas, angering some cattle ranchers and Republicans with rancher constituencies. The move raised the tariff-rate quota on Argentine beef by 80,000 metric tons. It applies only to lean beef trimmings, which are used to make ground beef.
$TRB $BEAT $ZEC
#USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses #TeslaHitsMonthlyHigh #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop

Precious metals prices are finally rallying after a mostly stagnant summer, with gold hitting its highest price in three months on Friday and silver hitting its highest level in two months, which analysts are largely attributing to a weaker dollar and the Treasury Department’s announcement it would ramp up buybacks of longer-dated government debt.
Gold futures hit their highest level since about mid-May on Friday, rising about 2% to reach a price of $4,661.70.
Silver rose a similar amount, inching up about 2% to hit a price of $70.08, marking the first time the precious metal has crossed the $70 threshold since about mid-June.
Both metals are ending this week about 5% higher, marking a price rally that follows a mostly stagnant summer in which their prices did not budge much.
Ole S. Hansen, an analyst at Saxo Bank, posted on X Friday a softer dollar is one of the key drivers of commodity prices rising, as the dollar index is down very slightly Friday morning—about 0.02%—but is hovering around a three-month low.
UBS Group AG chief strategist Bhanu Baweja also told Bloomberg the rise in metals prices is partially because of the Treasury Department’s announcement it would double buybacks of 10-to-30 year securities, calling the move “a very important signal for gold.”
How Are Gold And Silver Prices Faring This Summer?
Gold and silver have largely come down from the historic highs they reached earlier this year, as gold languished between roughly $4,000 and $4,200 and silver hovered between $50 and $60 for much of the summer. For the quarter ending June 30, gold shed 16% of its value, representing its worst quarter in more than a decade. Around that time, gold and silver had fallen to seven-month lows, erasing some of the gains the metals made during a historic price rally that ended in January of this year. Analysts blamed the summer slump on factors including a then-stronger dollar and expectations that the Federal Reserve may raise interest rates at some point this year. Gold and silver have started to surge again in August, though, as gold recorded its best week in seven months earlier this month.
Will The Federal Reserve Raise Interest Rates This Year?
It’s possible the Fed could raise interest rates later this year, a move that typically depresses gold and silver prices. CME Group’s FedWatch tool says the probability of a rate hike at the Fed’s December meeting is about 70.9%, much higher than the likelihood of a rate increase at the central bank’s September or October meetings.Gold and silver rose to historic highs earlier this year, with gold topping off around $5,600 and silver reaching about $121 in late January. Prices were buoyed by factors including international tensions, President Donald Trump’s tariffs, interest rate cuts and increasing demand for metals from technological sectors. Prices fell in January after Trump named Kevin Warsh as his choice to lead the Federal Reserve, as Warsh was viewed as less likely to cut rates. Metals prices largely declined throughout the Iran war, as metals generally traded inversely with oil prices, which spiked.
$TRB $BEAT $ZEC
#USDollarFallsToThreeMonthLow #USThreeMajorIndexesPostWeeklyLosses #TeslaHitsMonthlyHigh #GoldReboundsNearly5% #USRefinersFaceLoomingCrudeSupplyDrop