GLOBAL MARKETS-Shares Drop, Gold Surges as Trump Trades Weigh on Markets

February 21, 2025, 05.34 AM
Source: ReutersEditor: Yudho Winarto

GLOBAL MARKET - NEW YORK/LONDON. Global equity markets fell while gold prices surged on Thursday, with traders marking one month since U.S. President Donald Trump's returned to the White House and five years since COVID-19 first rocked world markets.

Gold was nearing $3,000 per ounce on concerns Trump will unleash a global trade war. Bullion notched its tenth record high this year, partly fueled by safe-haven demand amid the tariff threats.

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