The dollar is sliding today as the US-China trade rift widened after China today imposed 84% tariffs on US goods in retaliation for the US imposing a total of 104% tariffs on Chinese goods. Also, the dollar is facing a confidence crisis as the US renegotiates its relationships with its trading

Increased expectations that the Trump-inflicted global trade war would cause higher inflation and tip the economy into recession keep the odds for aggressive interest rate cuts by the Federal Reserve (Fed) elevated. Dovish Fed bets remain supportive of the Gold price upside.

Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and China, even after President Donald Trump announced a 90-day pause on tariffs for other countries.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

One of Australia’s top investors has declared that the U.S. will continue to dominate new investments despite the widespread market chaos

Many top Wall Street analysts responded by slashing their year-end targets for the S&P 500 index. The index is already down by 17% from its high, but history offers some guidance on what to do next. The S&P 500 has delivered a compound annual return of 10.