Escalating tensions in the trade talks between the U.S. and China sent markets lower as President Trump threatened to enact a tariff increase on Chinese goods beginning Friday. When the U.S. followed through on its threat at midnight on Friday morning, stocks plunged as equity markets apparently had not been pricing in the fact that the deal could collapse so quickly.
1. Geopolitics appeared to be the primary driver for market moves this week. North Korea, Iran, Russia and China were all in the news with heavy criticism for the U.S. and the Trump administration policies in particular. 2. In the U.S., California literally caught fire this week as nearly 24 fires spanning 8 counties in…
Copyright © 2002- | Precious Metals International, Ltd. All Rights Reserved.