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GOLD: Gold Sets New Records as Tariff Uncertainty Remains. 

GOLD
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  • President Trump has issued a directive that tariffs must be assessed on a country-by-country basis, a move which may delay time for them to be imposed whilst driving uncertainty.
  • The move raises the possibility of an all out global trade war, driving demand for safe haven assets like gold.
  • Starting the day at US$2,904.04 gold’s ascent throughout the day was measured as it rose towards a new high of $2,928.62.
  • In a move that could have serious implications for gold markets, the Trump government is looking at not only mark to marking the US gold reserves, but even selling them.
  • A move to mark-to-market the gold reserves could have up to a $700 billion impact on the valuation of the holdings, creating a windfall for the Trump administration.
  • This could have major implications for the funding requirements of the government going forward.  
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  • President Trump has issued a directive that tariffs must be assessed on a country-by-country basis, a move which may delay time for them to be imposed whilst driving uncertainty.
  • The move raises the possibility of an all out global trade war, driving demand for safe haven assets like gold.
  • Starting the day at US$2,904.04 gold’s ascent throughout the day was measured as it rose towards a new high of $2,928.62.
  • In a move that could have serious implications for gold markets, the Trump government is looking at not only mark to marking the US gold reserves, but even selling them.
  • A move to mark-to-market the gold reserves could have up to a $700 billion impact on the valuation of the holdings, creating a windfall for the Trump administration.
  • This could have major implications for the funding requirements of the government going forward.