Analysts at IG predict that if the U.S. announces tariffs tomorrow morning, the lack of clarity regarding trade policy could fuel further declines in risk assets. Investors remain uncertain about the extent, scope, and targets of these potential measures. This uncertainty has fueled investor anxiety, pushing gold prices to record highs. The United States is currently dealing with challenges like manufacturing slowdowns, rising inflation, and weak consumer spending, which complicate the Federal Reserve’s task. Although global markets are currently experiencing a period of calm, the announcement of trade policies could significantly heighten market volatility, potentially causing major fluctuations in stock, currency, and commodity markets.