News24 | Trump tariffs tumult: Gold slides from record, precious metals join selloff

While gold is typically seen as a safe haven in times of heightened uncertainty, it can also be swept up in a sell-off as investors are forced to pump in cash to offset losses in other markets.

News24 | Trump tariffs tumult: Gold slides from record, precious metals join selloff

Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping "reciprocal" tariffs.

Gold prices rose to a new record high on Thursday, fueled by US President Donald Trump's announcement of global import tariffs.

The Japanese stock index Nikkei collapses by more than four percent. Investors flee into gold.

The US President has massive tariffs on dozens of countries. Japan's stock index fell to an eight-month low in early trade, while gold prices went up.

The announced tariffs on US imports have made the Börsians nervous. Gold price continues to climb up.