Global Markets Rebound in Relief Rally; Gold Returns to $3,000 Amid Tariff Turmoil
Global Markets Rebound in Relief Rally; Gold Returns to $3,000 Amid Tariff Turmoil
On Monday, April 7, 2025, U.S. stock markets exhibited significant volatility, primarily influenced by President Donald Trump's escalating tariff threats against China.
The S&P 500 declined by 0.2%, losing 11.83 points to close at 5,062.25.
The Dow Jones Industrial Average fell by 349.26 points, or 0.9%, ending at 37,965.60, after experiencing a drop of up to 1,700 points during the session.
The Nasdaq Composite managed a slight gain of 0.1%, rising 15.48 points to 15,603.26.
The Russell 2000 index, representing smaller companies, decreased by 0.9%, closing at 1,810.14.
Markets initially reacted to rumors suggesting a potential pause in tariffs, but these were quickly dispelled by the White House, reaffirming intentions to increase tariffs on China.
President Trump's announcement of "Liberation Day" on April 2, 2025, imposing sweeping tariffs, has contributed to market unpredictability and heightened recession fears.
The Dow Jones Industrial Average experienced a significant plunge of approximately 1,500 points (3.9%) due to these tariff policies.
In response to market volatility and increased demand for safe-haven assets, gold prices rebounded to $3,000 per ounce.
