Stocks Crash, Gold Skyrockets as Trump Confesses No Timeline for U.S. China Trade Deal

For months now, we have been kept holding on to hope that a U.S. China trade deal was very near being complete. But with a major conflict between China and the U.S. about supporting protesters in Hong Kong and because of China’s expectation that they will be dealing with someone else after the next U.S. presidential election, the cat is out of the bag, that the entire project is being pushed out until after 2020 elections. With this news, we can see the stock market is dropping rapidly along with the U.S. dollar. At the same time, Gold is taking off like a rocket along with increased values of the CHF and YEN, safe-haven currencies.

 

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