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Economists: The market's optimistic expectations for the China-U.S. trade protocol have triggered a rise in stock index futures and a fall in gold.
According to Deep Tide TechFlow news, on May 12, economist Peter Schiff posted on social media stating, "Although no specific terms have been announced yet, stock index futures are rising and gold is falling due to optimistic expectations regarding the China-U.S. trade protocol. If the protocol includes significant tariff reductions, then the only factor that can reduce our trade deficit is a substantial appreciation of the renminbi."