Trade Wars 2.0 - news and analysis

The second presidency of Donald Trump initiated escalation of tariffs that triggered significant financial movements. These actions may to increased costs for businesses and consumers, disrupted supply chains, and created market uncertainty. Retaliatory tariffs from affected nations can further strain global trade, impacting economic growth and prompting concerns about long-term financial stability.

Gold (XAU/USD) Forecast: Gold faces headwinds as risk appetite improves

Gold prices dip on rising US-China trade deal hopes, impacting safe-haven demand. Despite a US GDP contraction, tariff talks overshadow data. Key support levels for XAU/USD have been breached, with 3200 and 3167 up next. Technical analysis indicates potential for further sell-off if support fails. Risk sentiment drives market, challenging gold's recovery.

01-05-2025 10:05 GMT by Zain Vawda

Yen slides as BoJ cuts growth forecast

The BoJ held rates at 0.5% today and also cut its growth and inflation forecasts due to the uncertainty over US tariffs. US GDP surprised on the downside with a 0.3% decline.

01-05-2025 09:50 GMT by Kenneth Fisher