Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
US Stock Futures Rise as Markets Brace for Fed Rate Hike 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
US Stocks Rise Ahead of Fed Rate Decision 
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.
