US trade deficit plunges to 16-year low due to U.S. gold rush and shrinking imports | Metals Mine

  • US trade deficit plunges to 16-year low due to U.S. gold rush and shrinking imports

    From morningstar.com

    The trade gap shrank to $29.4 billion in October from $48.1 billion in September, the government said Thursday. The October report was delayed by the federal shutdown. A combination of surging U.S. exports and dwindling imports explained the big drop in the deficit. The last time the trade gap was so low was in 2009. Key details: Exports rose 2.6% in October. While the U.S. shipped more industrial supplies overseas, a big increase in gold exports also played a large role. Investors brought lots of gold (GC00) in from outside the U.S. earlier in the year on worries the precious metal might get slapped with tariffs. ... (full story)

Comment Options
Trader#93A8
Jan 8, 2026 2:37pm
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Quoting Trader#EB50
As Mr. Trump said, that is what gonna happen, inflation is also down, great job Mr. President!
It's too early to sing his praises. We haven't seen the worst of what he's planning
Reply
Trader#EB50
Jan 8, 2026 1:42pm
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As Mr. Trump said, that is what gonna happen, inflation is also down, great job Mr. President!
Reply

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