Gold prices hit a record high on Monday, with spot gold exceeding $3,100, as investors fled stocks ahead of Trump’s tariff rollout on April 2nd, according to TipRanks. Trump said on Sunday that all countries, not just those with significant trade imbalances, would face tariffs, including a 25% levy on the car industry. A Wall Street Journal report added that the White House may impose broader tariffs, possibly a blanket 20% rate on all trading partners. Gold is now on track for its best quarter since 1986, while the S&P 500 and Nasdaq 100 have declined 5% and 8%, respectively.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold prices at a record high, buddy, with spot gold exceeding $3,100.
00:05As investors fled stocks out of Trump's tariff rollout on April 2nd, according to TipRanks.
00:10Trump said on Sunday that all countries, not just those with major trading balances,
00:14would face tariffs, including a 25% levy on the car industry.
00:18Wall Street Journal report added that the White House may impose broader tariffs,
00:21possibly a blink and 20% rate on all trading partners.
00:25Gold is now on track for its best quarter since 1986.
00:28The S&P 500 and NASDAQ 100 have declined 5% and 8% respectively.
00:33For all things money, visit Benzinga.com.