The US stock market has trailed global markets since President Donald Trump’s April 2 tariff announcement, with gold and German government bonds seeing significant gains. A new chart by Deutsche Bank strategists provides a snapshot of how major asset classes have performed.
According to the chart, gold prices have soared as investors sought safe-haven assets amid trade tensions. Meanwhile, German government bonds have also seen a surge in value, reflecting investor confidence in European economies.
The divergence between US and global markets has been notable since Trump’s tariff announcement. The chart highlights the performance of various asset classes in both US dollar terms and local currency terms.
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Source: https://www.marketwatch.com/story/u-s-stocks-have-been-left-in-the-dust-since-trumps-april-2-tariff-announcement-heres-how-major-assets-stack-up-75be9789