Weekly Markets Monitor: Trade Progress?

From gold.org

Last week saw a raft of central bank announcements: the Fed, Sweden, and Norway kept rates unchanged, while China, the UK, Poland, and the Czech Republic cut. Meanwhile, trade tensions eased as the US reached a deal with the UK and began talks with China. • Global equities closed mixed amid hopes of tariff de-escalation, while Treasury yields rose, the US dollar strengthened and oil rose. • Despite reduced futures net longs and ETF outflows, gold rose amid highly bullish option market positioning. • China’s export growth decelerated in April but remained robust – while trade with the US declined, exports to ... (full story)