Gold rose the most in nearly a year as global markets gyrated and the dollar weakened after US President Donald Trump risked a brutal global trade war with sweeping new import tariffs.
A vicious selloff of US government bonds — typically a safe haven in times of turmoil — underscored a jittery day for investors as Trump’s historic trade measures came into effect. Bullion extended recent declines before swinging higher to gain as much as 2.3%