Trump’s Tariffs Lift Dollar and Gold, But Weigh on Major Currencies

The U.S. dollar surged following sweeping tariff announcements, fueling inflation worries and a rush to safe-haven assets. Most major currencies weakened in response, except for the Australian dollar, which edged higher. Gold rose on safe-haven appeal, while oil prices climbed on renewed fears of sanctions targeting Russian supply and rising geopolitical tensions.

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Trump’s Tariffs Lift Dollar and Gold, But Weigh on Major Currencies