US market and dollar rally on Trump's 'pro-American' tax reforms

Gold slumps and treasury yields soar

Mike Sheen
clock • 2 min read

Plans for tax cuts outlined by US President Donald Trump on Wednesday have encouraged a rally in US stocks and the dollar, while treasury yields rose and the price of gold slumped.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

The Big Question: Distribution heads on the biggest investment trends of H2

The Big Question: Distribution heads on the biggest investment trends of H2

Six experts answer

Investment Week
clock 05 June 2026 • 1 min read
Market Movers blog: US labour market continues cyclical recovery on hospitality hires

Market Movers blog: US labour market continues cyclical recovery on hospitality hires

Latest news and analysis

Investment Week
clock 05 June 2026 • 1 min read
ECB states gold has overtaken US Treasuries as top reserve asset

ECB states gold has overtaken US Treasuries as top reserve asset

Geopolitical tension driving demand

Alex Sebastian
clock 02 June 2026 • 1 min read
Trustpilot