The Federal Reserve’s interest rate decision was set up to be the primary driver for market moves this week until President Trump announced further tariffs on China on Thursday. Friday’s Non-Farm Payrolls report also added to market jitters as it seemed to reinforce the idea that the Fed could place further rate cuts in a holding pattern.
The G-20 meeting appeared to result in a truce between China and the U.S. on the trade front, as was generally expected. Stock analysts eagerly awaited the release of the June Non-Farm Payrolls report on Friday for indications of what the Federal Reserve’s next monetary policy move might be. It was a shortened trading week due to the Independence Day holiday in the U.S.
Trade disputes continue to be of primary concern to markets and to the global economy as a whole.
The U.S. Federal Reserve was the primary driver for market movements this week as analysts awaited the release of the Non-Farm Payrolls report for April on Friday.
The Precious Metals Week in Review – January 5, 2018
The Precious Metals Week in Review – December 8, 2017.