๐ Stocks Struggle as Trade War Fears Mount, Gold Rallies, and Crypto Remains Volatile
๐น U.S. Markets: Stocks closed lower as tariffs and weak economic data rattled investors. Dow -1.6%, S&P 500 -1.2%, and Nasdaq -0.35% amid rising recession fears.
๐น Gold & Silver: Gold surged to $2,918, driven by trade tensions and weak U.S. data, while silver climbed to $32 on safe-haven demand.
๐น Oil: WTI crude recovered to $68.26, rebounding from session lows as China stimulus hopes provided support.
๐น Global Trade Tensions: Canada & Mexico retaliate against U.S. tariffs, while China imposes new duties on U.S. agriculture.
๐น Crypto: Bitcoin rebounded to $88,465 after a sharp selloff, while altcoins faced heavy outflows amid market uncertainty.