Gold Reaffirms Its Safe-Haven Appeal as Tariffs Take Effect
Gold is reaffirming its status as a safe-haven asset amid the recent rounds of trade tariffs imposed by the United States. Unlike traditional fiat currencies like the dollar, gold doesn't depreciate in value during times of economic distress. This makes the precious metal an extremely attractive investment during recessions, as it can preserve the value of an investor's portfolio, allowing them to weather economic upheavals with minimal losses. President Donald Trump's controversial rounds of tariffs have plunged global markets into turmoil over the past couple of weeks, causing historic stock market losses and increasing the possibility of a global recession.…