Commodity Reaction to Trump’s Tariffs: Gold Up, Everything Else Down
Gold reversed strongly and bond yields continued to plunge when Trump announced a 10% hike in tariffs on China.
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Gold reversed strongly and bond yields continued to plunge when Trump announced a 10% hike in tariffs on China.
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The long end of the yield curve continued its post-FOMC decline on poor manufacturing reports and new Trump tariffs.
Trump says trade talks with China are on track for September. Tariff hikes are proof they aren’t. Stocks reversed.
The closely watched ISM and Markit PMI both hover near 50. That is the dividing line between growth and contraction.