Weekly Summary: Week of 09 February – Markets, Gold & Tesla

This week saw notable market movements, with gold reaching new highs, Tesla’s stock declining amid Elon Musk’s OpenAI ambitions, and Spain leading EU market gains. Additionally, key US inflation data was released, and Trump’s proposed tariffs raised economic concerns. Here’s a breakdown of the biggest financial stories of the week.

Upcoming Market Events for the Week of 10 February

Investors anticipated key economic data and central bank updates, with markets closely watching the US Consumer Price Index (CPI) release. Corporate earnings also played a role in market sentiment, with companies in tech and finance reporting quarterly results. Volatility was expected as traders reacted to shifting economic indicators. Read more about this week’s key market events.

Gold Prices Hit a New Peak as Investors Sought Safety

Gold surged to an all-time high this week, driven by increased investor demand for safe-haven assets. Concerns over global economic uncertainty and potential interest rate cuts contributed to the rally. Analysts pointed to central bank policies and geopolitical tensions as key factors influencing the metal’s rise. Read more about gold's record-breaking rally.

Spanish Stocks Outperformed European Markets in 2025

Spain's stock market led the EU in year-to-date performance, bolstered by strong gains in banking and energy sectors. Analysts cited robust economic growth and favourable monetary policy as contributors to the rally. While other European indices faced mixed results, Spain’s IBEX 35 showed resilience. Read more about Spain’s market leadership.

Tesla Stock Dropped as Elon Musk Pursued OpenAI Bid

Tesla shares declined after reports surfaced that Elon Musk was attempting to take control of OpenAI. Investors worried about potential distractions and capital allocation concerns. The stock's decline reflected broader market scepticism over Musk’s ability to balance multiple ventures. Read more about Tesla’s stock reaction.

Trump’s Tariff Plan Sparked Economic Debate

Donald Trump’s proposed tariff policy raised questions about its potential impact on the US economy. While supporters argued it could protect domestic industries, critics warned of higher consumer prices and global trade tensions. Economists remained divided on the long-term effects of the strategy. Read more about Trump’s tariff proposal.

US Inflation Report Showed Mixed Signals

The latest US Consumer Price Index (CPI) report revealed a slight increase in inflation, keeping markets on edge about future Federal Reserve decisions. While core inflation remained stable, concerns over housing and energy prices persisted. Investors weighed the implications for interest rates and market stability. Read more about the US inflation report.

Conclusion

This week’s financial landscape was marked by gold’s record-breaking surge, Tesla’s stock struggles, and the impact of US inflation data. Spain's strong market performance and Trump’s tariff discussions also shaped economic sentiment. Investors will continue to monitor these developments for their broader market implications.

TL;DR FAQs

Why did gold prices reach a new high?

Gold surged due to investor concerns over global uncertainty, central bank policies, and expectations of interest rate cuts.

Why did Tesla’s stock decline?

Tesla’s stock dropped as investors reacted to Elon Musk’s reported interest in taking over OpenAI, raising concerns about potential distractions and capital allocation.

What was the key takeaway from the US inflation report?

The CPI report showed a slight rise in inflation, which kept markets alert about potential Federal Reserve interest rate decisions.

How did Spain lead European stock markets?

Spain’s IBEX 35 outperformed other EU indices due to strong banking and energy sector growth, as well as supportive monetary policies.

What were the risks of Trump’s tariff plan?

While tariffs aimed to support domestic industries, critics warned of higher consumer costs, potential trade conflicts, and economic uncertainty.

*Past performance does not indicate future results