100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

Published: 04-08-2025, 08:30 am | Updated: 04-08-2025, 07:44 am Gold prices rose 1% to $3,013.34 on Tuesday, rebounding from Monday’s low, supported by global trade war tensions and a weaker dollar. China has refused to bow to what it called U.S. “blackmail” while the EU offered a “zero-for-zero” tariff deal while imposing 25% tariffs on some U.S. imports. Despite the recent fluctuations, gold remains 15% higher for the year, having reached a record high of $3,167.57 on April 3. Traders expect significant Fed rate cuts this year, with markets closely watching Wednesday’s Fed minutes release.

Published: 04-07-2025, 05:30 pm | Updated: 04-07-2025, 02:29 pm Economists are forecasting a sharp economic downturn in the U.S. due to President Trump’s recently implemented tariffs. Carl Weinberg of High Frequency Economics predicts the economy will contract by 4.5% in Q2 2023, with further contraction expected in the second half of the year. He describes the tariffs as “the largest one-day tax hike in history” that will lead to price increases, reduced spending, and job losses. Other economists like Michael Feroli of J.P. Morgan predict a recession starting in June, while Goldman Sachs has raised its 12-month recession probability to

Published: 04-07-2025, 04:30 pm | Updated: 04-07-2025, 02:21 pm Gold prices fell for the third consecutive day, dropping as much as 2.2% amid market reactions to President Trump’s tariff policies. The decline represents gold’s largest three-day drop since August 2020. Despite Trump administration officials attempting to reassure investors, the precious metal continued its retreat from recent record highs as traders sold gold along with other assets over fears of a global trade war and recession. Despite this decline, gold remains 14% higher for the year.