European markets closed lower on Wednesday after the positive sentiment induced by the weekend’s interim trade deal between China and the US seemed to run of steam. The Dow Jones closed in the red, although the S&P 500 and Nasdaq Composite closed the day slightly higher, mainly driven by the mega-cap names and a few select beneficiaries of President Trump’s trade deals in Doha. US Treasury prices and gold felt the effect of easing trade tensions, as well as the market revising its expectations of Fed rate cuts in 2025. Asia’s equity markets were lower today. Carsten Menke, Head of Next Generation Research, joins the podcast to provide extra insight into gold’s move lower.
00:00 Introduction: Helen Freer, Investment Writing
00:24 Markets wrap-up: Bernadette Anderko, Investment Writing
05:47 Gold: Carsten Menke, Head of Next Generation Research
09:16 Closing remarks: Helen Freer, Investment Writing
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