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Complex factors behind gold price fluctuations: tariff policy and Chinese market demand
- February 11, 2025
- Posted by: Macro Global Markets
- Category: News
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People tend to use simple narratives to explain the rise and fall of assets, but the truth is often far more complicated than it seems. MarketWatch columnist Mark Hulbert recently wrote an article analyzing the relationship between gold prices and US tariff policies.
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Trump administration’s unilateralism and its damage to the international order and the gold market’s response
- February 8, 2025
- Posted by: Macro Global Markets
- Category: News
The Trump administration has ignored the core principle of the World Trade Organization (WTO) rules – the most-favored-nation treatment, and imposed a 10% tariff on Chinese exports to the United States in accordance with the International Emergency Economic Powers Act, a domestic law of the United States. This behavior is a typical unilateralism, which seriously tramples on the international order based on international law and undermines multilateralism and international rule of law. Multilateralism has been the basic and dominant institutional arrangement and value concept of the international community since World War II, and has promoted world peace, stability, development and prosperity.
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Pressure on Asian currencies and volatility in the U.S. bond market , waves in a strong dollar environment
- January 8, 2025
- Posted by: Macro Global Markets
- Category: News
Asian currencies have generally fallen to their lowest point in 20 years recently, mainly affected by the strong growth of the US dollar and the vow of US President-elect Trump to raise tariffs. The Bloomberg Asian Currency Index fell to 89.0409 on Monday, the lowest level since 2006. Federal Reserve officials are cautious about the path of interest rates, and investors are worried that Trump’s tariff policy may lead to inflationary pressures. These factors have combined to suppress Asian currencies from the broad rise of the US dollar .
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