US Stocks Fluctuate Amid US-China Trade War: Tariffs Rise, Gold Nears $3,250

On Friday, U.S. stocks experienced volatility due to escalating trade tensions between the U.S. and China. The S&P 500 closed down 3.46%, and the Dow Jones Industrial Average declined 2.50%. China retaliated against U.S. tariffs by raising tariffs on U.S. goods to 125%. In response to these developments, investors turned to gold, considered a safe haven, driving its price to approximately $3,244.42 per ounce. The 10-year Treasury yield was around 4.40%. European markets presented a mixed picture, with Germany's DAX decreasing by 1.24% and London's FTSE 100 increasing by 0.55%. In Asia, Japan's Nikkei 225 fell 2.96%, while Hong Kong's Hang Seng rose 1.13%.