Investors' tariff fears are erasing April's gains
Update: 2025-04-22
Description
US market slid on Monday with the Nasdaq-100 down 2.5%. This indicates investors are turning from the US market, despite companies reporting better-than-expected earnings results. One asset they're turning to is gold, with the price reaching a new high of US$3442. Locally, the ASX 200 slipped nearly 1% after open. Investors should watch for greater volatility in Tesla, which will report tonight.
Securities mentioned include Macquarie Group, Newmont Corp, Tesla, VanEck Gold Miners Equity ETF
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