FX.co ★ Gold Falls Below $3000

In the early Monday trading session in Asia, gold prices fell by over 1%, dipping below $3,000. This decline occurred as investors sold off gold to mitigate losses stemming from a broader market downturn influenced by rising trade tensions and increasing concerns about a potential global recession. Meanwhile, Nasdaq futures plummeted by over 5%, the Dow Jones Industrial Average dropped by more than 1,300 points, and Japan's Nikkei index fell by over 8% at its opening. This marked the third consecutive session of market declines as the White House maintained its stance on imposing aggressive tariffs on key trading partners.