The US dollar (USD) continues to attract demand as short-covering and easing of the US-China trade war keep putting bearish pressure on the USD-denominated gold price, while US Treasury bond yields and risk sentiment turn south again.
US Tariffs
Trump Tariffs LIVE: US flags India’s rising import duty barriers ahead of ‘Liberation Day’ deadline
Donald Trump Tariffs LIVE: The United States President, Donald Trump, is set to unveil a new set of tariffs for nations worldwide on Wednesday, April 2. Trump also branded the date as “Liberation Day,” when the administration seeks to boost domestic manufacturing, among other things.
Copper has continues to retreat from its nine-month high
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months.
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset.
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.
NAFTA Is No More – New Trade Deal Breaks Trade Deadlock – GSR
Its trade we speak about yet again but this time it’s due to a trade deal rather than tariffs. Finally, over the weekend Canada and the US reached an agreement that will change the market outlook for the week.
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
Breaking News : Chinese Media Revises Report, Says China Yet to Take any Action Against US Tariffs
Gold Silver Reports (GSR) – The earlier report by the China Daily has been revised – The media outlet has now come out to change its earlier report here and say that “China will take action against US tariffs” – implying that retaliatory tariffs are yet to have been slapped on US goods as suggested earlier.