A general mood of risk aversion has crept back into major markets in recent days. There has not been one stand out event as the driving factor, but Trump’s constant comments about trade tariffs are leaving traders notably more cautious again. Not content with jabbing at China and Mexico, Trump is now turning attention to Europe again, with threats of prospective sanctions on Germany over the development of the Nord Stream 2 gas pipeline from Russia. Added to the concerns in Asia over the protests in Hong Kong, this is pulling traders back towards safe haven plays again. Gold and the yen are strengthening again, whilst ... (full story)