Trump, Xi Meet With Iran and Trade in Focus | The Asia Trade 5/14/2026
Speakers
Homin Lee
— Senior Macro Strategist, Lombard Odier
Stephen Engle
— Chief North Asian Correspondent, Bloomberg
Summary
The video covers the Trump-Xi summit in Beijing, focusing on trade, AI chips, and the Iran war. A strategist advocates long gold and short USD on expectations of Fed patience. Market reactions include tech rallies and rising bond yields.
- Trump-Xi summit begins with focus on trade, AI chips, and Iran war.
- Potential $30 billion tariff reduction framework discussed.
- Jensen Huang's last-minute inclusion signals possible chip access deal.
- Homin Lee from Lombard advocates long gold, short USD on Fed pause outlook.
- U.S. Treasury 30-year yield tops 5% for first time since 2007.
- Rare earths remain key Chinese leverage over U.S.
- Kyiv under massive missile attack during broadcast.
- Asian markets open mixed, tech stocks rally on summit optimism.
Trade Ideas
Long gold, short USD.
The Federal Reserve will keep policy on pause despite inflation volatility, and real interest rates in the U.S. may decline, which is supportive for gold and non-dollar currencies. The strategist maintains an overweight position in gold and is bearish on the U.S. dollar.
Long gold, short USD.
The Federal Reserve will keep policy on pause despite inflation volatility, and real interest rates in the U.S. may decline, which is supportive for gold and non-dollar currencies. The strategist maintains an overweight position in gold and is bearish on the U.S. dollar.
Up Next
This Bloomberg Markets video, published May 14, 2026, features Homin Lee discussing GLD, USD. 2 trade ideas extracted by AI with direction and confidence scoring.