Concerns Grow as Asia Markets React to Auto Tariff News; Gold Gains
On March 26th, US markets faced declines, particularly in the technology sector with significant drops from Nvidia and Tesla. Investors responded to fresh concerns emerging from impending auto tariffs. This news has sent investors into a defensive stance, impacting chipmakers and automakers significantly. Meanwhile, gold continues to advance, highlighting its position as a hedge against inflation and economic uncertainty. As global tensions rise, XAU/USD appears poised for further gains as investors reassess their strategies.