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Metals markets

Trump’s 50% Tariff Threat Sends Markets Into Defensive Mode

Gold Price Drops Below $3,350 on Strong U.S. Jobs Report
Gold Price Drops Below $3,350 on Strong U.S. Jobs Report

Global markets experienced significant declines on Monday as trade tensions between the U.S. and China intensified.

President Trump’s threat to double steel and aluminum tariffs to 50% starting June 4 triggered a sell-off in stocks and the dollar.

The uncertainty surrounding trade policy led investors to seek safety in gold, the Japanese yen, and Swiss franc.

Meanwhile, the European Central Bank is expected to cut interest rates this Thursday, and upcoming U.S. jobs data will provide crucial insights into economic health.

Eight more from the desk

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