Wednesday’s announcement of new tariffs on all non-US-made cars sent shockwaves through the markets, with stock markets worldwide feeling the ripple effects. Carmakers were among the hardest hit, while some investors sought safer havens in more stable sectors, such as consumer packaged goods, where share prices rose. In the Asia-Pacific region, markets were largely down, despite news that Chinese President Xi Jinping had met with global CEOs in Beijing and speculation that Trump may cut tariffs on Chinese goods to facilitate a TikTok deal. Against this backdrop, gold reached yet another record high overnight. In this episode, we are joined by Tim Gagie, Head of FX & PM Solutions in Geneva, who shares his insights on the latest developments in foreign exchange and metals, and offers some interesting trade ideas.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)

07:05 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

11:13 Closing remarks by Helen Freer (Investment Writing)

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