On April 9, 2025, financial markets experienced notable gains following President Donald Trump's announcement of a 90-day suspension on reciprocal tariffs, excluding those involving China. This decision led to a surge across various asset classes, including precious metals, equities, and cryptocurrencies.
Gold and Silver Performance
Gold prices saw a significant uptick, reflecting its traditional role as a safe-haven asset during periods of economic uncertainty. Silver also experienced a rise, benefiting from both its industrial applications and investment appeal.
Equities Market Response
The equities market responded positively to the tariff suspension, with major indices recording gains. Investors appeared optimistic about the potential easing of trade tensions and the favorable impact on global commerce.
Cryptocurrency Market Reaction
Cryptocurrencies, particularly Bitcoin, experienced a substantial rally. Bitcoin's price surged above $82,000, marking a significant increase from previous levels. Other digital currencies, such as Ethereum, also saw notable gains. Companies associated with the crypto sector, including MicroStrategy and Coinbase, observed significant stock price increases. MicroStrategy's stock rose nearly 25%, while Coinbase experienced a 17% uptick.
Conclusion
The 90-day pause on certain tariffs announced by President Trump had an immediate and positive impact on various financial markets. Gold and silver prices rose, equities markets strengthened, and cryptocurrencies experienced substantial gains. This market response underscores the sensitivity of global financial assets to trade policy developments and highlights the interconnected nature of traditional and digital asset classes.