Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
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Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
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Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Despite all his harshest of rhetoric and actions towards ballooning U.S. trade deficit, President Trump seems to have failed to reign on it. Since his inauguration, President Trump and his team have taken actions to reign over the tariffs; imposing tariffs on steel and aluminum, taking harsher steps in terms of anti-dumping and countervailing duties, and imposing tariffs on goods from China but so far the impact isn’t getting reflected in actual data.
According to data from U.S. census bureau, the U.S. goods trade deficit with the rest of the world reached a new record high of $76.98 billion in October. At this rate, the U.S. trade deficit is set to surpass last year’s $795.69 billion in 2018.
The increasing trade deficit with more focused from investors thanks to President’s Trump’s war to reign on it is likely to act as a negative factor for the USD in the longer term.
