Economist: Market optimism over the China-U.S. trade deal triggers rise in stock index futures and fall in gold

TechFlow, May 12 — Economist Peter Schiff posted on social media saying, "Although no specific terms have been announced yet, stock index futures rose and gold fell due to optimistic expectations surrounding the China-U.S. trade deal. If the agreement includes significant tariff reductions, the only factor that could reduce our trade deficit would be a substantial appreciation of the Chinese yuan."