Gold prices surged to $3,360 as trade tensions rise. President Trump imposed 30% tariffs on EU and Mexico, citing national security threats. Investors flock to gold as a safe-haven asset amid escalating protectionist measures. Market awaits key US economic reports for Fed policy clues.

Euro falls to 1.16700 as Trump’s 30% tariffs rattle markets. EU and Mexico seek negotiations to lower tariffs. Euro up 13% against USD YTD. ECB expected to hold rates steady amid inflation pressure.

Japanese yen climbs to 147.500 on tariff fears. Trump’s tariffs on EU and Mexico spark demand for yen as a safe-haven asset. Japan’s capital spending improves in May, offering hope amidst global trade risks. Markets remain cautious amid trade uncertainty.

Read more at Investing.com: Gold Prices Rise as Trump’s New Tariffs Escalate Global Trade Tensions