Tag: trade deficit

Gold's long-term fundamentals were already looking positive. By effectively rejecting the US role as reserve currency issuer, President Trump is super-charging these trends. We have long maintained the view that long-run global geopolitical and fiscal trends have the potential to drive a very powerful bull market in gold.

Of all the bewildering and chaotic projectiles lobbed out of the White House, none is more confusing than tariffs. The very word "tariff" is likely to put most citizens to sleep. However, a sudden 200% increase in the price of a bottle of French wine would jolt anyone awake. This number is a real threat from Trump.

There is a new sheriff in town. Global investors have been digesting the change in policy direction after President Trump’s return to the White House. In contrast to his first term, actions on the trade front have been a policy priority and the rules of the game are changing.

The first quarter GDP growth of 2019 for South Africa announced 4 June, and it is once again a negative number. The numbers are showing that the South African economy contracted 3.2% year on year, following a 1.4% growth in the previous period. It was the sharpest decline in the GDP since the first quarter of 2009, as output declined sharply in manufacturing, mining, agriculture and utilities.