- Gold broke $3,300 to hit a record high on Wednesday as economic tensions continue to rise between the US and China, and much of the effects of tariffs on the rest of the world remains in limbo.
- Silver is trading at a 2-week high, breaking $33 before retreating slightly. Stocks are trading lower, primarily on new implications of Trump’s trade policy on the chip sector in dealing with China.
- The S&P 500 is down 1.2% and the Nasdaq—which was hit hardest due to semiconductor restrictions—is down 2.1%.