
Trade Tensions Weigh on Markets, Gold Soars as Safe Haven
Schwab Network · Schwab Network
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Show Notes
Equity futures point lower to begin the week as trade tensions still cast a long shadow over the market. Scott Bauer (@prospertradingacademy) says investors are losing confidence in the U.S. economy. Scott says that while the U.S. dollar is weakening against other currencies, he looks to the soar-higher in gold as investors seek a safe-haven asset. With earnings season in full swing, Scott expects more companies to follow the example of United Airlines (UAL) with cautioned guidance, citing ongoing trade uncertainty.
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