Yen and Gold Prices Surge as Traders Flee Risky Investments Amid Tariff Concerns

The Japanese yen and gold have both seen significant surges, as investors seek refuge from escalating concerns over U.S. tariffs.

Yen Strength and Market Volatility

The yen strengthened to 148.7 per U.S. dollar as traders braced for ongoing uncertainty in the market. The demand for safe-haven currencies reflects rising tensions and economic fears.

Gold’s Record Rally Continues

Gold jumped to $3,128.06, marking its third consecutive session of record-breaking gains as geopolitical risks increase.

Market Impacts and ECB Responses

As the European Central Bank warns of slow economic growth due to U.S. tariffs, investors are advised to monitor market developments closely.