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Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added
China also announced controls on exports of medium and heavy rare-earths to the U.S., effective April 4
Imports held steady at $401.1 billion in February after a sharp increase in the prior month
The published list features roughly 8,000 items that could be affected by future retaliatory duties
OPEC+ now aims to return 411,000 barrels per day to the market in May, up from 135,000 bpd as initially planned
S&P 500 companies lost a combined $2.4 trillion in stock market value amid one of the largest single-day percentage losses in years
In the previous session, gold prices declined by more than 2 percent after reaching a record high of $3,167.57
Tariffs are expected to generate approximately $700 billion in annual revenue
Trump’s sweeping tariffs will go into effect on April 5, and his reciprocal tariffs will hit on April 9 on new imports of foreign-made goods
Imports of oil, gas and refined products were exempted from the new tariffs, the White House said
