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

February 21, 2025, 05.34 AM | Source: Reuters
GLOBAL MARKETS-Shares Drop, Gold Surges as Trump Trades Weigh on Markets

ILUSTRASI. A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. REUTERS/Andrew Kelly

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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