Markets reacted negatively as US President Donald Trump proposed new tariffs on eight European nations. This move revived tariff concerns, causing risk assets to slip and safe-haven demand to strengthen. Gold and silver prices surged to record highs. Equity futures slumped, and the dollar weakened.
Stagflation risks rise as oil prices threaten global growth outlook: Peter Cardillo
Global economic outlook darkens with stagflation fears as energy prices fuel persistent inflation. Experts warn central banks may keep interest rates high longer than anticipated.