{"id":54440,"date":"2025-10-13T00:38:33","date_gmt":"2025-10-13T04:38:33","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-brace-for-trade-war-escalation-as-gold-soars-analyst-ratings-shift-across-sectors\/54440\/"},"modified":"2025-10-13T00:38:33","modified_gmt":"2025-10-13T04:38:33","slug":"global-markets-brace-for-trade-war-escalation-as-gold-soars-analyst-ratings-shift-across-sectors","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-for-trade-war-escalation-as-gold-soars-analyst-ratings-shift-across-sectors\/54440\/","title":{"rendered":"Global Markets Brace for Trade War Escalation as Gold Soars; Analyst Ratings Shift Across Sectors"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US-China trade tensions escalate<\/strong> as Beijing retaliates with tariffs, leading to a drop in China&#39;s exports to the US, while overall global shipments hit a six-month high. This fuels safe-haven demand, driving <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> and <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> to record highs<\/strong>.<\/li>\n<li><strong>Analyst firms RBC and Jefferies issue numerous target price adjustments<\/strong> across various sectors, with notable raises for <strong>ConocoPhillips (<a href=\"\/stock\/COP\">COP<\/a>), CrowdStrike (<a href=\"\/stock\/CRWD\">CRWD<\/a>), ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>), Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>), Marathon Petroleum (<a href=\"\/stock\/MPC\">MPC<\/a>), ArcelorMittal (<a href=\"\/stock\/MT\">MT<\/a>), and ASML (<a href=\"\/stock\/ASML\">ASML<\/a>)<\/strong>, alongside a cut for <strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> and a slight trim for <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>.<\/li>\n<li><strong>Hamas announces the imminent release of 20 Israeli hostages<\/strong>, marking a significant development in the Gaza conflict amidst ongoing diplomatic efforts.<\/li>\n<li><strong>Concerns over a major copper shortage<\/strong> are voiced, while <strong>Canada seeks sectoral trade deals with the US<\/strong> ahead of pre-election campaigning.<\/li>\n<\/ul>\n<p>A fresh wave of <strong>US-China trade tensions<\/strong> is dominating market sentiment, with Beijing retaliating after <strong>President Trump imposed 100% tariffs on Chinese goods<\/strong>. This escalation has seen <strong>China\u2019s exports to the US drop significantly<\/strong>, even as <em>overall global shipments from China reached their highest in six months<\/em>. The intensifying trade war has triggered a surge in <em>safe-haven demand<\/em>, pushing <strong>gold and silver to record highs<\/strong>. Asian markets, in response, have fallen, though Wall Street futures show some rebound.<\/p>\n<p>Amidst the geopolitical backdrop, several major analyst firms have updated their outlooks for key companies. <strong>RBC<\/strong> lowered its target price for <strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> to <strong>\u20ac460 from \u20ac475<\/strong>. Conversely, <strong>RBC<\/strong> raised its target for <strong>ConocoPhillips (<a href=\"\/stock\/COP\">COP<\/a>)<\/strong> to <strong>$118<\/strong> and for <strong>CrowdStrike (<a href=\"\/stock\/CRWD\">CRWD<\/a>)<\/strong> to <strong>$540<\/strong>.<\/p>\n<p><strong>Jefferies<\/strong> also made a series of adjustments, increasing its target for <strong>ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>)<\/strong> to <strong>$139<\/strong> and <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> to <strong>$179 from $171<\/strong>. <strong>Marathon Petroleum (<a href=\"\/stock\/MPC\">MPC<\/a>)<\/strong> saw its target raised to <strong>$216<\/strong>, while <strong>ArcelorMittal (<a href=\"\/stock\/MT\">MT<\/a>)<\/strong> was boosted to <strong>\u20ac36 from \u20ac29.5<\/strong>, and <strong>ASML (<a href=\"\/stock\/ASML\">ASML<\/a>)<\/strong> to <strong>\u20ac780 from \u20ac660<\/strong>. A slight cut was noted for <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>, with its target trimmed to <strong>$203.07<\/strong>.<\/p>\n<p>In geopolitical news, <strong>Hamas has announced its intent to release 20 Israeli hostages<\/strong>, a significant development in the ongoing Gaza conflict. This comes as mediators continue efforts to de-escalate tensions in the region.<\/p>\n<p>Elsewhere, <strong>Canada is reportedly exploring sectoral trade deals with the US<\/strong> as <em>President Trump seeks pre-election wins<\/em>. In the commodities market, industry expert Robert Friedland warned that the world is in the <em>&#39;foothills&#39; of a major copper shortage<\/em>, signaling potential future supply challenges. South Korea&#39;s FX authority remains wary of herd behavior in markets, keeping a close eye on currency movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US-China trade tensions escalate as Beijing retaliates with tariffs, leading to a drop in China&#39;s exports to the 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