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Market Turmoil Fuels Gold Surge
2025-03-31 10:30:09
Business
Economy
Markets

Market Turmoil Fuels Gold Surge

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Global stock markets faced a sharp decline, with significant losses in Tokyo and Taiwan as investors reacted to escalating trade tensions. Concerns over impending tariffs under President Donald Trump's administration prompted a shift towards safer investments.

Gold prices soared to unprecedented heights, breaking records and reaching $3,154 an ounce, driven by uncertainty and rising demand. This surge was further supported by expectations of interest rate cuts and central bank purchases.

Concurrently, the U.S. dollar weakened against several currencies, including the Vietnamese dong, as traders sought refuge in safe-haven assets. The market's volatility signals a growing apprehension about the potential impact of trade policies on the global economy.

Related news on that topic:

Market Reactions to Tariff Announcements

US stock futures have taken a hit as investors brace for President Trump's impending trade tariffs, which threaten to escalate the ongoing trade war. The announcement has resulted in a decline of over 0.5% in stock futures, raising concerns about the potential impact on the global economy. While oil prices surged following Trump's hints at additional levies on Russian oil, gold reached a record high amidst rising market volatility. Analysts are predicting further downturns, especially if tariffs exceed expectations, leading Wall Street to adjust its S&P 500 year-end targets downward. The upcoming economic data, including the US jobs report and Federal Reserve Chair Jerome Powell's comments, will be closely monitored. As market uncertainties persist, investors are gravitating towards safe-haven assets like US Treasuries, which have outperformed stocks this quarter. Meanwhile, the cryptocurrency market faces pressure, with Bitcoin's performance reflecting broader market anxieties. Overall, the landscape remains fraught with risks as businesses pause expansion plans and hiring slows amid the evolving tariff policies.

Global Tensions Rise Over Trump's Tariff Plans

President Donald Trump has announced plans to impose tariffs on imports from all countries, aiming to protect American industries and rebalance trade disparities. This decision, part of his broader protectionist agenda, has caused significant concern in global markets, with notable drops in Asian stock indices and fears of escalating trade wars. While initially suggesting targeted tariffs on countries with large trade deficits, Trump's latest move suggests a more widespread approach. Key trading partners like China and Mexico are expected to be heavily impacted. The European Union is preparing countermeasures, potentially affecting a range of U.S. products, should Trump's auto tariffs remain in place. The UK has been actively negotiating with the U.S. to secure exemptions, even considering adjustments to its digital services tax as leverage. Meanwhile, EU officials are exploring reciprocal tariffs and other economic defenses. Amidst this, Trump's tariff threats have raised concerns about economic stability, with experts warning of potential recession risks. Despite this, U.S. economic indicators, such as GDP and unemployment rates, currently remain stable, though inflation expectations are rising due to tariff-induced price increases.

Read 23 more recent news on this topic

The press radar on this topic:

Yahoo Finance
31. März 2025 um 03:19

Global shares slump and gold hits a record high as investors fret over tariffs

Global shares declined significantly, with Tokyo and Taiwan falling over 4%, as investors sought safe havens due to concerns over a worsening trade war under US President Donald Trump. Gold hit a record high of $3,154 an ounce amid growing uncertainty. Markets worldwide are jittery ahead of a Wednesday deadline for new tariffs, which could lead to reduced spending by households and businesses, potentially impacting the US economy.
focus
31. März 2025 um 07:32

Over 3100 Dollars for an Ounce - Gold Expert: Trump's Policy Drives Precious Metal to Record Value

The gold price recently exceeded the historic 3000-dollar mark for the first time. And the rise continues. Gold expert John Reade cites the policies of US President Donald Trump as the main reason in an interview.
VnExpress English
31. März 2025 um 08:51

Gold prices set new records twice in one day

Gold prices in Vietnam reached new record highs twice on Monday, with Saigon Jewelry Company's gold bar price rising to VND101.8 million ($3,980.45) per tael. Globally, gold hit an all-time high of $3,128.06 per ounce, driven by concerns over U.S. President Trump's trade war plans and economic slowdown. The rally was also supported by interest rate cut bets, central bank buying, and ETF demand. Multiple banks have increased their 2025 price forecasts for gold, which has seen its biggest quarte..
VnExpress English
31. März 2025 um 04:37

Dollar slips against dong

The U.S. dollar declined against the Vietnamese dong on Monday, continuing its downward trend against several major global currencies. The safe-haven Japanese yen rose as traders worried about the impact of U.S. President Donald Trump's tariffs on inflation and economic growth. The dollar was also under pressure from a flight to the safety of U.S. Treasuries, which sent the yield on the 10-year note sliding. The dollar eased against the yen and the euro, while the Swiss franc and the British p..
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