Gold down by nearly 1% as bond yields surge higher ahead of US trading
- The bond market isn't feeling too upbeat on trade talks
- Is the bond market starting to come around on trade optimism today?
It looks like equities can chalk this one up to the win column as bonds start to switch over to reflect more optimism ahead of the second day of trade talks.
Equities have been buoyant all day but finally we're seeing gold and bonds start to reflect a similar sentiment, as markets feel more upbeat about a possible partial trade deal.
That said, I would count this as only half a win as we aren't entirely sure just yet that there will be good news at the end of today. As a reminder, Trump will meet with Chinese vice premier Liu He at 1845 GMT so just be wary of any potential shifts in the mood after that.
