Wall Street falls as Trump's trade war overshadows good news on the economy
NEW YORK — Not even a double-shot of good news on the U.S. economy seems to be enough to stop Wall Street’s bleeding. Stocks fell Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.
Top Wall Street analyst Tom Lee believes that a Fed rate cut is highly likely, given the “overreaction” in the market.
J.P. Morgan and Goldman Sachs advise continuing to hold the metal. BNP Paribas just raised its forecast for prices.
"It's hard to know when the bottom is," said Tanvir Sandhu, chief global derivatives strategist at Bloomberg Intelligence.
As gold races to new records, Wall Street analysts have rushed to raise their price targets, with the latest call from ...
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