On Wednesday, Reuters reported that Tesla (TSLA) might raise prices in China. The company might raise prices in September due to "yuan-related uncertainty."
Today, bond yields are sinking and stock markets are tanking as markets become fearful of an upcoming recession.
Goldman Sachs no longer believes that a trade deal between the US and China is possible before the 2020 US presidential election.
Gold prices received a boost after President Trump’s tweet that 10% duties would be levied on $300 billion of Chinese goods starting on September 1.