Are we there yet?

Market Overview - US equities have been on a bull run since October 2022, marking a significant recovery from previous lows [4][6] - The only notable pullback occurred in April 2025 due to tariff-related volatility [5][6] - Recent trade tensions, particularly regarding tariffs imposed by the Trump administration, have reignited market fears as the November deadline approaches [6][8] Tariff Impact - Tariff concerns led to the largest one-day decline in major US indices since April 2025 [7] - The Trump administration's extension of tariff postponements initially alleviated concerns, but renewed tensions have escalated as the deadline nears [8][9] - China's stance in trade negotiations has become more assertive, complicating the situation further [8] Gold Market Dynamics - Gold prices have reached new all-time highs, continuing a bull market that has persisted for nearly a decade [6][10] - Analysts predict potential future highs for gold, estimating prices could rise to between $5,000 and $8,000 [10] - The current bull market in gold is being scrutinized for its longevity, with some analysts suggesting it may be nearing its peak [11]