Market Updates: Trump Pushes Tariff Hike on Chinese Goods, Risk-on Sentiment

POTUS Trump announced that he would delay an increase in tariffs on Chinese goods. In his tweet, President Trump stated that progress..


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.

Potential Impact

Gold – Bearish

Stock Exchange – Bullish

WTI Crude Oil – Bullish

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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