Gold Prices Surge Amidst New US Tariff Announcements Affecting Trade
The world reacts as the US announces new reciprocal tariffs that will become effective on April 2. This move shocks the global market and raises concerns about potential economic slowdowns, disruptions in international trade, and increased consumer inflation. Investors are showing heightened interest in gold as a safe-haven asset, leading to a significant rise in gold prices. As uncertainty looms over global trade dynamics, XAU/USD gains traction. Investors should watch closely as these developments could result in further fluctuations in the markets.