Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Elon Musk posts ‘Kill Bill’ meme in latest...
Johnson says Republicans ‘don’t have time’ to craft...
Elon Musk warpath against Trump’s ‘big, beautiful bill’...
Durbin obstruction threat chills Senate as Trump nominees...
Elon Musk posts ‘Kill Bill’ meme in latest...
Trump orders Attorney General to investigate Biden’s autopen...
Biden insists ‘I made the decisions’ as Republicans...
‘He’s not a big factor’: Trump’s Senate allies...
DAVID MARCUS: Why Navy ships should not be...
GREGG JARRETT: Biden, the ‘marionette president; and the case...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Gold Price Drops Over US$100 as US and China Agree to Tariff Pause

by admin May 14, 2025
May 14, 2025
Gold Price Drops Over US$100 as US and China Agree to Tariff Pause

The US and China agreed on Monday (May 12) to pause the majority of their tariffs for a period of 90 days, marking a significant de-escalation in trade tensions between the two countries.

The US will reduce its tariffs on most Chinese goods from 145 percent to 30 percent; meanwhile, China will lower its tariffs on US goods by a similar amount, dropping them from 125 percent to 10 percent.

In addition to the suspension of tariffs, a number of non-tariff measures will be suspended or reversed. These include removing rare earths export restrictions and taking some US tech and defense firms off trade blacklists.

The US will maintain a 20 percent tariff geared at pressuring China to curb the flow of fentanyl to the US. The other 10 percent is the baseline levy that the US has imposed on imports from most nations.

The Trump administration also said the lower tariff rate won’t apply to automobiles, steel and aluminum.

The deal is expected to bring a resumption of shipments to west coast port cities like Los Angeles and Seattle. Recent data indicates a significant reduction in activity as tariffs have pushed the price of goods beyond what many importers can afford. Port activity has dropped to levels not seen since the COVID-19 pandemic disrupted global supply chains.

Although the tariff pause is only temporary, the 90 day break will give the countries time to negotiate a more permanent deal and mitigate a growing trade war that began shortly after Donald Trump assumed the presidency in January.

‘Now, while the 90-day pause is a big step towards easing tensions, it’s crucial to remember that it doesn’t guarantee a complete resolution of the trade war,’ he explained.

‘Once those 90 days are up, everyone will be keeping a close eye on what happens next, especially the results of ongoing negotiations and whether the tariffs will be permanently cut or brought back.’

Market response was mixed on Tuesday (May 13), with the S&P 500 (INDEXSP:INX) jumping 0.9 percent to reach 5,896 points in morning trading and the Nasdaq-100 (INDEXNASDAQ:NDX) surging 1.75 percent to 21,231 points. The Dow Jones Industrial Average (INDEXDJX:.DJI) went the opposite direction, shedding a half percent to 42,216 basis points.

The gold price fell as low as US$3,208.80 per ounce on Monday, a drop of more than US$100 compared to last week’s closing price. It regained some ground on Tuesday and was trading in the US$3,250 range by 1:00 p.m EDT.

The silver price also saw an immediate decline on Monday, but was trading in the US$33 per ounce range on Tuesday.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Blue Sky Uranium Expands Drill Plan to Advance the Ivana Uranium-Vanadium Project
next post
JZR Gold Inc. Announces Completion of Testing of Gravimetric Mill at the Vila Nova Gold Project in Brazil

You may also like

AngloGold Sells Two African Assets to Resolute Mining

May 6, 2025

High grade gold results continue from Sandstone Gold...

May 5, 2025

Appointment of TritonLake as Global Corporate and Financial...

October 14, 2024

Bitcoin Reaches New Record High on Reserve Asset...

December 17, 2024

Transformational Acquisition of the High-Grade Elizabeth Hill Silver...

March 24, 2025

PDAC Presentation

February 24, 2025

Cizzle Brands Begins Distributing CWENCH Hydration to Metro...

March 25, 2025

Tech 5: DeepSeek Disrupts AI Landscape, Tech Stocks...

February 2, 2025

Top 5 Canadian Mining Stocks This Week: Minsud...

February 22, 2025

IperionX Announces US$47.1 Million Titanium Deal with US...

February 22, 2025

Recent Posts

  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s Big Beautiful Bill
  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’
  • Elon Musk warpath against Trump’s ‘big, beautiful bill’ rattles House GOP
  • Durbin obstruction threat chills Senate as Trump nominees hang in balance
  • Elon Musk posts ‘Kill Bill’ meme in latest push to nix Trump’s ‘big, beautiful bill’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (763)
    • Investing (2,257)
    • Politics (2,786)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.