For gold longs, it’s just not enough that the dollar dips whenever there’s progress reported on the U.S.-China trade talks. Equities have to see a decent slide, too.
U.S. Treasury Secretary Steven Mnuchin’s remarks on Monday that Washington and Beijing might be “close to the final round” of their trade negotiations not only weakened the dollar, which had been a hedge to the trade war, but also limited Wall Street’s downside from weaker financial earnings.
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