Gold Slides From Record as Precious Metals Join Global Selloff
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Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping “reciprocal” tariffs. Silver fell more than 2%.
Spot bullion first surged 1.1% to hit an all-time high of $3,167.84 an ounce as the US leader unveiled his biggest move yet to shake up international trade. But prices later reversed gains to dip as much as 0.6%.