The stock market collects a new shock. Wall Street vacillates, Asia slides, Europe delays. The cause? The return of a certain Donald Trump, armed with his favorite weapon: the customs prices. At the announcement of “reciprocal” measures, investors fled risky assets. And as always in these cases, it was gold that picked up the fruits of panic. A reaction as classic as they are worrying.
Fall of world scholarships, outbreak of gold: the cocktail is bitter
Red stock markets as a Soviet bank ticket. In Tokyo, the Nikkei gives in the field. Shanghai picks up, Seoul tangues. And during this time, Wall Street cashes losses on industrial and technological values. Investors play hide and seek with volatility, preferring gold to stock markets.
The figures do not lie: Gold reached $ 3,056 per ounce This Wednesday, recording its 16th annual increase, According to Reuters. It is the direct translation of a Leak to refuge values Faced with commercial uncertainties.
And it's not just a Asian phenomenon. In Europe too, the Dax fell. In Paris, the CAC 40 lost its breath. THE tensions generated by Trump on automotive import prices lead the morale of the major financial centers.
- The Asia-Pacific MSCI fell 1.3 %;
- Automobile values fall on European scholarships.
In this disordered ballet, gold leads the dance while the scholarship drags its feet.
When the slogan “America First” rhymes with “the world after”
Donald Trump replayed an old partition: that of provocative protectionism. His idea? Apply reciprocal to all countries that tax the United States. In other words, if you tax my cars, I tax your products. A classic of doctrine ” Make America Great Again », Version 2025.
“” Trump's words on prices fueled uncertainty, reviving the 2019 memories. ”
But by dint of wanting to make America large, we end up give off everyone. China is immediately targeted. And chain aftershocks are not long. The Yuan Tangues, the Chinese exporting values tumble, the regional indices vacillate.
Europe hesitates between diplomatic indignation and commercial opportunism. Tensions are such that Even central banks tense. Behind the scenes, some evoke a return of the logic of blocks. The markets do not like these stories.
- The VIX index of fear jumped from 7 % in two sessions;
- The values related to semiconductors lose up to 4 % on the NASDAQ.
In this climate, each sentence of Trump weighs heavier than a key rate. He plays with fire … and the stock market smells burned.
Fed, inflation and gold: an explosive tension triangle
While the scholarship trembles and Trump Vocifère, The Federal Reserve remains frozen Like a rabbit in the headlights. Investors await Inflation figures PCE Coreannounced for Friday. According to Reuters projectionsthe increase should reach +0.3 %, as the previous month.
“” The PCE Core remains the favorite indicator of the Fed. »»
But the context changes everything. Gold, the thermometer of silent fears, climbs to historical levels. The ounce does not go up by chance : it translates the anxiety of a subsidence of the dollar and a loss of credibility of the Fed.
In bond markets, yields adjust slowly. But traders, they adjust their hopes even more quickly: the probability of a drop in rate in June is revised downwards.
- The Dollar Index lost 0.4 %, promoting the rise in gold;
- Rate drops drop from 60 % to 43 %.
As an old Chicago banker would say: ” When gold rises without ceiling, it is because the house has no more walls. And it is not Trump who will rebuild the monetary foundations.
The American scholarship, shaken by politics and speculation, loses credibility. Meanwhile, Europe patients and collects crumbs. Yes, when Wall Street is in turmoil, Europe wins the bet: what if this time, the old continent knew how to play the stability card against chaos?
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
