The payrolls figures was a “monster number,” said Tai Wong, head of base and precious metals derivatives trading at BMO Capital Markets.
Trade War
Trump may impose auto tariffs as early as next week: German magazine
The report recommends 25 percent duty on car imports from all countries except Canada and Mexico. There will be no exceptions for certain car types. …
G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Trump Looks to Expand Tariffs to All Chinese Goods
Gold Silver Reports (GSR ) – Trump, in an interview with the Wall Street Journal published Monday, said he’s prepared to impose tariffs on a final batch of $267 billion of Chinese shipments if he can’t make a deal with Xi when they meet at the Group of 20 meeting in Argentina, which starts Nov. 30. The rate could be either 10 percent or 25 percent, Trump said.
Wall St Jumps on Donald Trump’s ‘Great Deal’ with China Claim, Aussie Dollar lifts Above US71c
Reuters-polled economists are predicting the cost of living to rise by 0.4 per cent rise in the September quarter — which brings annual inflation to 1.9 per cent.
President Trump: Predicts ‘Great Deal’ with China on trade
Gold Silver Reports (GSR) — He expects a bounce after the midterm elections thanks to strong earnings, monetary policy that is still “pretty easy” and fiscal policy that should continue to support the market.
Donald J. Trump : The Wall Street Journal has it Wrong, We are Under no Pressure to Make a Deal with China
The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, they are under pressure to make a deal …