<ul><li>Gold tumbled as much as 2.4% on Friday, following a decline from the prior session, due to investors selling off the metal with other assets.</li><li>US stocks also tumbled on Friday, with the Nasdaq 100 Index sinking into a recession and the S&P 500 Index on pace for its worst week since March 2020.</li><li>Despite the jolt caused by the levies, gold stands to benefit this year from an increasingly volatile trade, macroeconomic and geopolitical environment.</li><li>Spot gold was down 2.4% at $3,041.11 an ounce at 10:59 a.m. in New York, on track for its first weekly loss in five.</li></ul>

Gold Tumbles As Trump Tariff Shock Sparks Selloff From Record

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