US-China Trade Tensions

Many Wall Street executives are anxious about trade tension between China and the US. More specifically, US investors feel uneasy following the release of an article noting that China may slow down, or even stop, purchasing US government bonds because US debt is increasingly less attractive relative to other assets. Gold prices spiked to a four-month high as traders ramped up their purchases of the safe haven asset, and the US dollar weakened against various currencies.