The price of gold has reached a new historical high, continuing its upward trajectory as global uncertainties intensify. On Monday, June gold futures on the Chicago Mercantile Exchange (CME) jumped by 2%, surpassing $3300 per troy ounce for the first time in history and reaching $3305.1. This surge highlights gold’s enduring role as a safe-haven asset in times of market volatility and geopolitical instability.
On Monday shares of major companies like Nintendo Co. and Sony Group Corp. dropped by over 10% during trading in Tokyo. The primary reason for this mass sell-off was the recent comments from U.S. President Donald Trump regarding new tariffs imposed on imports from the country, negatively impacting the investment climate and profit expectations for companies in Japan.
In January, Brazil's trade surplus experienced a significant drop of 65.1% compared to the same month last year. This decline was attributed to a robust increase in imports alongside a drop in exports, highlighting key dynamics in the country's trade landscape.