Trade pledge slows stock sell-off

Bloomberg/Samuel Potter/12-5-2018

“Global markets have been left reeling after Tuesday’s steep sell-off in New York, but nerves appear to be steadying after China’s Commerce Ministry said Beijing will start to quickly implement specific items where there’s consensus with the U.S. and will push forward on trade negotiations within the 90-day “timetable and road map.”

USAGOLD note:  The stock and bond markets are closed today to mark the national day of mourning for former President George H.W. Bush.  Metals and energy, however, will be in regular session.

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