The US and China have reached a new framework to revive their trade truce, with both sides signaling readiness to ease tariffs and resolve rare earth export issues.
US-China trade
Gold Price Forecast: What’s Next? PMI Data and Federal Reserve Moves
Investors are now focusing on upcoming PMI data, which shows how well businesses in the US and Europe are doing. The US PMI numbers, expected soon, will give clues about the health of the economy. If the data is weaker than expected, it could signal trouble for the US economy, pushing the Federal Reserve to cut interest rates. Lower interest rates typically weaken the dollar further and make gold more appealing.
Gold Price Rises Near $3,272 as US Recession Fears Grow
Gold price (XAU/USD) is up around $3,272 in early Asian trading on Monday. People are worried about a US recession and trade problems between the US and China. This makes gold, a safe-haven asset, more popular. Later today, the US ISM Services PMI for April will be important news.
China’s huge US trade war deal commitments confirmed
The trade deal to be signed this week will include pledges by China to buy US$200 billion of US goods over two years in four industries, a Trump administration official and two other sources briefed on the matter said.
US-China Trade Relations Become that Their Impact is Felt in Financial Markets
US-China trade relations become that their impact is felt in financial markets, boardrooms and even central banks. Washington and Beijing ratcheted up tariffs in August and investors took fright, triggering official promises to revive trade talks. But are the US and China likely to pull back from the brink?
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.