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Increasing trade tensions between the US and China boost gold prices to approximately $4,040
Trade tensions rise due to President Trump’s new 100% tariffs on Chinese imports effective from November 1. China’s warning of retaliation adds to the economic uncertainty, affecting the dollar and benefiting safe-haven assets like gold. The Federal Reserve is expected to reduce interest rates by 25 basis points in both October and December, with a 97% probability for the October rate cut, per the CME FedWatch tool. These expectations make gold attractive due to reduced opportunity cost. Key US economic reports such as Retail Sales and Producer Price Index will be released Thursday, potentially impacting the US ... (full story)
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Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT
