Market Updates: Trump Pushes Tariff Hike on Chinese Goods, Risk-on Sentiment
Arslan Butt • 1 min read
Today, one of the events in highlights is the US-China trade deal deadline. It’s been in news for more than a month now and its impact has extended to GOLD, crude oil, and the stock markets.
Recently, POTUS Trump announced that he would delay an increase in tariffs on Chinese goods. In his tweet, President Trump stated that progress had been made in areas including intellectual property protection, technology transfers, agriculture, services and currency.
In response, the market has triggered a risk-on sentiment. It means that investors are moving their investments into risk assets like stocks and pushing out investments from safe haven assets like gold.
Gold – Bearish
Stock Exchange – Bullish
WTI Crude Oil – Bullish