September Trade Deficit Narrows to $52.8B on Gold Exports, But GDP Impact Limited by Statistical Treatment

Non-monetary gold accounts for $6.1 billion of $8.8 billion export increase, while capital goods shipments decline $3.3 billion The turbulence in global trade that has defined much of 2025 set the backdrop for September’s sharp narrowing in the U.S. trade deficit, a shift that at first glance might seem poised to lift third-quarter growth. But […]