The White House plans to clarify its stance on gold tariffs after a surprise US ruling caused market chaos. Here’s how it affected gold prices, traders, and global bullion markets.
White House
Gold investors await Trump tariff plan
Gold prices held firm on Wednesday after jumping to an all-time high in the previous session, as investors hunkered down and awaited details of U.S. President Donald Trump’s tariff plans.
Donald Trump Briefly Evacuated During Presser After Shooting Outside White House
Secret Service guards shot a person, who was apparently armed, outside the White House on Monday, President Donald Trump said just after being briefly evacuated in the middle of a press conference.
Donald J. Trump Tweets – Great chance for the really big bounce when the Invisible Enemy is gone!
Donald J. Trump Tweets – This week, in only 4 days, we had the biggest Stock Market increase since 1974. We have a great chance for the really big bounce when the Invisible Enemy is gone!
A 15% tariff on a total of $112 billion of Chinese goods are set to go into effect at midnight
Tariffs on $112 billion of Chinese goods are set to go into effect at midnight ET. While some duties have been delayed and some items have been removed from the original list of $300 billion Chinese imports, many everyday grocery items and household staples will still be targeted beginning Sunday, according to an official list that spans 122 pages.
Mnuchin says US-China Trade Deal is 90 Percent Done – Gold Silver Reports
Gold Silver Reports (GSR) – Treasury Secretary Steven Mnuchin said Wednesday that the U.S. and China are inching closer to finalize a long-awaited trade deal.
The Federal Reserve’s Interest Rates will be Decided Today in the US
Gold Silver Reports (GSR) – In the US today, the Federal Reserve will decide on interest rates and before that the move of gold has narrowed down to a small extent. The eye of the market rests on the decision of this meeting. Meanwhile, there is news from the United States about the trade war with China. US President Donald Trump has expressed hope of a reconciliation between the two countries.