On Monday, global stock markets fell as investors anticipated US President Donald Trump's "Liberation Day" tariff announcements, with the S&P 500 dropping 0.5% and the Nasdaq 1.4%. The Nikkei 225 and South Korea's Kospi also suffered significant losses. Gold prices soared to $3,150 per ounce, indicating rising economic concerns. Trump's upcoming tariffs could average 15% and affect all countries, raising fears of a potential recession, which he did not rule out in a recent interview. The tariffs are expected to generate significant revenue for the US government, intensifying market volatility.
World stock markets were in negative territory on Monday ahead of US President Donald Trump's so-called "Liberation Day," with indices reflecting global downward trends.
The price of gold reached $3,150 per ounce, tracking towards another record high amid growing economic uncertainties and escalating trade tensions.
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