Gold hits new high after Trump imposes reciprocal tariffs on 'Liberation Day'
Gold prices hit a record high of $3,160 per ounce as investors sought safe havens amid declining stock market futures following President Donald Trump's announcement of new tariffs on major trading partners. Stocks and futures markets experienced significant declines, particularly in technology and clothing sectors, with companies like Apple, Nvidia, and Gap seeing substantial drops.
Gold prices hit a record high of $3,160 per ounce as investors sought safe havens amid declining stock market futures following President Donald Trump's announcement of new tariffs on major trading partners. Stocks and futures markets experienced significant declines, particularly in technology and clothing sectors, with companies like Apple, Nvidia, and Gap seeing substantial drops.
