Global stock markets experienced a downturn due to threats of new tariffs, causing investors to seek safety in gold. The uncertainty surrounding international trade relations led to a decrease in stock prices worldwide. Gold prices rose as investors turned to the precious metal as a safe-haven asset during times of market volatility. The threat of additional tariffs imposed by various countries has created a sense of unease among investors, leading to a shift in investment strategies towards safer options like gold. Stock markets are closely monitoring the situation for further developments.

Read more at Investing.com: Global stocks take hit from tariff threats; gold gets safety bid