Yen gains, gold hits peak as tariff uncertainties lift safe-haven bids
Government
TOKYO :The safe-haven Japanese yen rallied on Monday while gold pushed to a fresh peak as uncertainty around tariffs clouded the outlook for U.S. inflation and economic growth and kept traders away from risky assets, as well as the dollar. Markets are nervous ahead of a new round of reciprocal levies that the White House is due to announce on Wednesday. Details are scarce, but U.S. President Donald Trump said late on Sunday that essentially all countries will be slapped with duties this week.
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