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Stocks, dollar sink and gold hits record as Trump tariff panic returns
Stocks, dollar sink and gold hits record as Trump tariff panic returns
by  AFP

Stocks and the dollar tumbled while gold hit a fresh record high as panic gripped markets again Friday after Donald Trump admitted that his global tariff blitz could see "a transition cost". The weaker dollar and the rush for safety has also sent gold to a fresh record high above $3,200, while fears of a possible global recession have battered oil prices, which extended losses Friday.

Trump admits trade war 'cost' as markets hit
Trump admits trade war 'cost' as markets hit
by  AFP

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China. Trump acknowledged "a transition cost and transition problems," but dismissed global market turmoil.

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