💨 Abstract

World stock markets fell sharply on Monday, with gold hitting a new record, due to US President Donald Trump's comments that tariffs would cover all countries, fueling concerns of a global trade war leading to a recession. European and Asian markets dropped, while investors sought safe havens in sovereign bonds and the Japanese yen. The US Federal Reserve is expected to cut interest rates this year due to the slowdown in economic growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖