Gold prices hit a fresh record on Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump’s tariff blitz and his bubbling row with the Federal Reserve
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the release of key data that should give an insight into the impact of the US president’s trade war.
Several nations have moved to cut a deal with Washington to stem the worst of the White House’s levies, with Japan the highest-profile economy, while US Vice President JD Vance arrived in India on Monday for talks.
South Korea’s finance and trade ministers will hold high-level trade talks in Washington this week, Seoul said.
However, China warned governments on Monday not to seek an agreement that compromised Beijing’s interests.
While the rest of the world has been slapped with a blanket 10 percent tariff, China faces levies of up to 145 percent on many products. Beijing has responded with duties of 125 percent on US goods.
“Appeasement will not bring peace, and compromise will not be respected,” a commerce ministry spokesperson said in a statement.
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