The improvement in the gold trade led to the US trade deficit falling to its lowest level in five years.
The U.S. trade deficit shrinks when the imbalance between imports and exports decreases. Recent indicators suggest that a rebalancing in the gold trade has contributed to bringing the U.S. trade deficit to a five-year low. “Trump announcement” Simply put, a decline in gold purchases and relative stability in exports reduced overall imports, thereby decreasing the … Read more
