Global stocks tumble, gold hits new highs

A week to "forget" for stock markets, which are weighing on investors' concerns about the effects of US tariffs on the economy.

After sharp declines recorded in Asia, where Tokyo lost 4% and Hong Kong 1.1%, European markets are also struggling, with Milan and Frankfurt losing 1% and Paris and London 0.9%, while in New York Nasdaq futures are falling by 1% and those on the S&P 500 by 0.6%, CE Report quotes Kosova Press.

Investors are "closing" the door to risks, lightening their portfolios and taking refuge in 'safe havens' such as gold, which is reaching new all-time highs (+1,6% to $3,125), the yen (+0,5% against the dollar) and bonds, whose yields are falling on hopes of more accommodative central bank policy.

Oil rose (+0,5% to $69,71 for WTI) as a result of Trump's threat of tariffs on Russian crude in the absence of a ceasefire with Ukraine.

The price of gold is setting new records: the precious metal for immediate delivery (Gold spot) is trading at $3,120,74 with an increase of 1,15%, while gold for delivery in June (Comex) is trading at $3,152,40 with an advance of 1,22%.