Trump’s Criticism Fuels Market Downturn, Safe-Haven Assets Surge

Global markets experienced a significant downturn on Monday, as investors responded to President Trump’s sharp criticisms of Federal Reserve Chairman Jerome Powell. This political discord fueled market losses in the US equities, with the S&P 500, Dow Jones, and Nasdaq Composite all suffering substantial declines. The dollar weakened significantly, while gold prices surged to record highs, attracting investors seeking safe haven assets amid market volatility.