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Stocks make little progress, gold rises as tariff news looms
Gulf Today
|April 03, 2025
NEW YORK: US equities were barely changed while European stocks fell on Wednesday as safe-haven gold was in demand as investors anxiously awaited details of US President Donald Trump's tariff plans and worried about an intensifying global trade war.
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Investors' focus on Wednesday was firmly on reciprocal levies the White House is due to announce after the US stock market close, in what Trump has called America's "Liberation Day." Trump is expected to add more trade levies on Chinese effect immediately, adding to already imposed duties on aluminum, steel, solar and autos, along with increased duties on all goods from China that have rattled markets as fears grow a full-blown trade war could trigger a sharp global economic slowdown.
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