Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks 
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks 
US-Led Coalition Targets Global Factory Overcapacity 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Wall Street Falls as Oil Prices Rise and Tech Stocks Slide 
Crypto Market Selloff Wipes Out $100B as Bitcoin Falls Below $83K 
Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed 
Gold Prices Fall as Fed Signals Another Rate Hike 
Gold Prices Rise as Dollar Weakens, Treasury Yields Fall 
US Treasury Yields Ease After Strong 10-Year Auction as Global Bonds Struggle 
Add as a preferred source on Google
Bloomberg news agency reported that President Trump to delay the decision on auto tariffs for six months so, which has somewhat helped the U.S. benchmark stock index s&P500 recover some of the lost ground. The index is up more than 13 percent in 2019 but due to trade tensions, the index has shed more than 2 percent.
The decision on auto-tariff was due this week, so, why the delay:
- President was expecting to seal a trade agreement with China before the decision auto-tariffs, but that won’t be the case with China wanting to renegotiate the agreement once more and with both sides resorting to tariff war. At this time, another round of tariff war largely with Germany and Japan would not be that wise.
- Moreover, the United States is already in negotiation with the European Union over several geopolitical issues such as Iran, and Israel-Palestinian peace agreement. Imposing auto tariffs at this time doesn’t help those negotiations.
- Moreover, the EU is currently negotiating a trade agreement with Japan. The report suggests that the U.S. wants to wait out these negotiations.
We don’t expect global auto tariffs from the United States until the showdown with China ends.
