From Investing.com: 2025-05-12 06:21:00

US and China have made progress in trade talks, agreeing to a 90-day reprieve with lowered tariffs by 115%. Stocks, oil, and the dollar jump, while gold prices fall due to trade deal hopes. The talks in Switzerland ended with ‘substantial progress’, easing fears of a global recession. The US Treasury Secretary, Scott Bessent, described the talks as ‘productive’, raising hopes for a more permanent agreement within the 90-day period. Markets react positively to the news, with US and European equities seeing gains, while the dollar strengthens against other currencies. Gold prices slide as optimism grows on trade resolutions and geopolitical tensions ease.



Read more at Investing.com: US and China Agree to Slash Tariffs, Dollar and Stocks Surge