August 2, 2019

Gold is holding steady above $1,440 after rebounding yesterday amid increasing trade tension with China.  After sharply dropping Wednesday during Jerome Powell’s less dovish than expected press conference, President Trump’s statement regarding new Chinese tariffs caused equities to plunge and gold to soar.  The Dow is currently down nearly 2.8% from this week’s high, and on course for its second worst week of 2019.