Markets Whipsaw on "Trump Swan" Trade Twist as Gold Soars

Volatility exploded across global markets this week, with traders waking to stunning moves in U.S. equities and safe-haven assets. The S&P 500 skyrocketed nearly 19% from overnight lows after President Trump announced a surprise 90-day suspension of tariffs for all major trading partners — except China.

The shift, dubbed the "Trump Swan" trade, reflects the unpredictability of U.S. policy. Despite earlier promises not to alter tariffs, the White House reversed course, temporarily easing pressure on countries like Australia, Brazil, and the EU. China, however, remains under heavy fire, facing a staggering 150% tariff hike.

Markets embraced the brief pause in trade tension, with risk appetite returning in force. Traders saw strong rebounds in risk-sensitive assets like the Australian dollar, while safe-haven flows into the Japanese yen eased slightly.

Gold, however, continues its upward trajectory, now trading near $3,125. The surge underscores investor demand for protection amid global uncertainty. “In times of chaos, gold, the yen, and Swiss franc remain the go-to hedge,” one analyst said.

Still, caution reigns. While short-term rallies offer opportunities, the fundamental backdrop remains fragile. Traders are advised to manage risk tightly and brace for more headline-driven swings ahead.

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