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Tariff Shock Lifts Gold, Pressures Risk Assets
Global markets experienced heightened volatility on Monday as tariff escalation and geopolitical risks intertwined. All three major U.S. stock indices closed sharply lower, with the Dow Jones Industrial Average falling 1.66%, the S&P 500 declined 1.04%, and the Nasdaq Composite dropping 1.13%. Investors grew concerned after President Trump announced a temporary tariff increase to 15% following the Supreme Court ruling, further elevating trade policy uncertainty. AI-related stocks retreated, weighing on the tech sector, while financial shares also came under notable pressure. The U.S. Dollar Index weakened, ... (full story)
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