Gold dropped more than 1% to below $3000 in the early Monday session in Asia as investors offloaded bullion to offset losses from a broader market downturn triggered by escalating trade tensions and growing fears of a global recession. Nasdaq futures sank more than 5% and Dow lost more than 1300 points while Nikkei was down more than 8% at the open, extending the market rout to a third consecutive session as the White House continued to push for aggressive tariffs on major trading partners.
Source: Trading economi
