Traders even cashed out of gold, a historical safe haven, in push to protect against what could turn into wave of margin calls
Get our breaking news email, free app or daily news podcast
The Australian dollar plunged to pandemic-era lows, the ASX fell and crypto prices were smashed as investors scrambled on Monday to prepare for a global trade war sparked by Donald Trump’s new tariff regime.
Traders even cashed out of gold, a historical safe haven, in a push to raise cash reserves to protect against what could turn into a wave of margin calls.
Sign up for Guardian Australia’s breaking news email
Continue reading…
Source link : https://www.theguardian.com/australia-news/2025/feb/03/donald-trump-tariffs-australia-stock-market-asx-plunge-crash-fears
Author : Jonathan Barrett
Publish date : 2025-02-03 06:39:00
Copyright for syndicated content belongs to the linked Source.
