From Investing.com: 2025-04-24 05:24:00

Asian stocks ended their five-day winning streak as a global rally lost steam due to mixed messages from the Trump administration on China tariffs. US-China trade war doubts raised by Treasury Secretary Scott Bessent caused regional stock index to drop 0.3%, with Hong Kong stocks falling 1.2%. President Trump’s criticism of Fed Chair Jerome Powell and uncertainty over tariffs on China continue to weigh on market sentiment. Despite reports of possible tariff cuts on Chinese imports, any changes would require agreements with China according to Treasury Secretary Bessent and White House spokesperson Karoline Leavitt. Gold prices rose 1.2% on safe-haven demand amidst US-China uncertainty. U.S. futures fluctuated, oil prices leveled off, and tariff developments with China remain a key focus. Reports suggest potential cuts in auto industry tariffs could boost sentiment. Gold prices are bullish on a technical standpoint, with possible further gains depending on US-China talks.



Read more at Investing.com: Mixed Signals from Washington Send Gold Up and Equities Down