Uncertainty drives up gold prices and drags down oil prices

In early April, Donald Trump set a 90-day deadline for negotiations on tariffs imposed on countries trading with the US. That means that until the end of June, there is a 10% burden on US trade with the whole world and 145% on trade with China. This short-term predictability did not have a calming effect on the markets. But it is unlikely that much will improve in the coming months. Because the tariffs, rather higher than lower, will remain. And there is no point in counting on the Americans withdrawing from them.