Gold Silver Reports (GSR) – Spot gold fell 0.4 per cent to $US1,254.81 per ounce after hitting its highest since June 26 of $US1,266.40 on Thursday. Gold prices have fallen on profit-taking, a day after bullion touched a near six-month high and the dollar rebounded, but the metal stayed on track for a weekly gain as the appetite for risk waned.
Trump
Trump Says Federal Reserve Rate Hikes Are His ‘Biggest Threat’
President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.
Trump’s Unusual Fed Bashing Raises the Stakes of a Policy Blunder that Damages the Economy
President Donald Trump is not known to mince words. And this week, he offered his sharpest rebuke yet of the Federal Reserve.
Trump says the Federal Reserve has ‘GONE CRAZY’ by Continuing to Raise Interest Rates
President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.
China Reopens With Another Dollar Warning – Gold Silver Reports
If it seemed a bit calmer on Monday in global markets than has become typical, it was likely due to the absence of Chinese influence. China’s markets were closed for the country’s annual Dragon Boat festival, a holiday tradition that supposedly dates back 2,000 years. According to state media, it’s not strictly Chinese any longer.
Bad Financial Moon Rising
BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.
What China Can Gain from Trump’s Trade War – Gold Silver Reports
Gold Silver Reports (GSR) — The world’s two largest economies – China and the United States – are engaged in a full-blown trade war, and what US President Donald Trump hoped would be a blitzkrieg has turned out more like trench combat. Many fear that this is only the beginning of a long conflict that could include weapons – and casualties – far outside the realm of trade.
China Says Trump Forces its Hand, will Retaliate Against New U.S. Tariffs
The Chinese commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action.
China: It Has No Choice But To Retaliate Against Latest US Tariffs
Hopes US Realizes Negative Consequences Of Its Actions China Does Not Offer Details On Possible Countermeasures Against US In Its Statement
Trump: Extra $267B China Tariffs Could be Ready on Short Notice
Trump: Another $267B China tariffs ready to go, added to $200B