Gold, Power, and the Escalating Showdown: Trump vs. Xi
What gold is revealing as the U.S. tariff battle deepens and China pushes back
On April 8, we asked a question in Prinsights: Who blinks first—Trump or Powell?
It wasn’t rhetorical. We laid out the setup: Trump’s aggressive tariff threats and Powell’s boxed-in Fed were already triggering structural shifts in markets, and gold was leading the way.
What we’re seeing now is confirmation, but the standoff is widening. It’s no longer just a blinking contest of Trump vs. Powell.
It’s also about Trump vs. Xi.
That confrontation has been simmering for months but escalated sharply this week.