Crypto and stocks tank, Gold surges toward record ATH amid Trump’s auto tariffs
Gold prices climbed close to their all-time high levels on Thursday as US President Donald Trump’s April 2-bound auto tariffs heightened global trade tensions. Meanwhile, the Nasdaq 100 index dropped 1.8%, and the S&P 500 fell 0.2% in early Asian trading. Crypto market valuations also fell 3.5% in the last 24 hours to $2.95 trillion.
Spot gold rose 0.87% to $3,047 an ounce by 12:30 PM GMT, while US gold futures gained 0.8% to $3,041. It reached a record high of $3,057.21 on March 20, as more investors dropped stocks and crypto on their portfolios to accommodate the special metal.
Analysts expect Gold prices to rise further, stocks fall
Analysts expect further gains, with Aakash Doshi, head of gold at SPDR ETF Strategy,…
