Analysis: If the uncertainty of U.S. tariffs continues, the prices of risk assets may further decline
IG analysts said in a report that if the United States announces tariffs late tonight, trade policy is still not clear enough, and the prices of risk assets may further decline. They stated that investors are still "deeply uncertain about the scope, scale and targets of these measures. The lack of transparency has exacerbated investor anxiety, pushing gold prices to record highs." The United States faces factors such as manufacturing slowdowns, rising inflationary pressures and weak consumer spending, which complicate the role of the Federal Reserve. Global markets are currently stagnant, but once tariff policies are announced they will face "significant volatility", with potential major fluctuations in stock markets, foreign exchange markets and commodity markets.
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