Commodity Reaction to Trump's Tariffs: Gold Up, Everything Else Down
Gold reversed strongly and bond yields continued to plunge when Trump announced a 10% hike in tariffs on China.
Gold reversed strongly and bond yields continued to plunge when Trump announced a 10% hike in tariffs on China.
Gold Reversal
Gold was already strengthening and bond yields sinking on ISM data, then surged when Trump announced tariffs.
For the bond yield picture, please see Bond Yields Crash On ISM Report, More China Tariffs: Inversions Strengthen.
Soybeans down 14.75 is a definite "win" for Trump. What else could it possibly be?
Mike "Mish" Shedlock