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Risk-on markets plummeted in February thanks to global trepidation fueled by President Donald Trump’s tariff war. Consequently, demand for safe haven assets increased, sending gold-related investments higher.
What happened: Blue-chip indexes like the Nasdaq Composite and the S&P 500 slid 2.93% and 2.96%, respectively, while Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, tanked 22% in a month.
Trump’s declaration to impose tariffs on major U.S. trade partners, such as China, Mexico, and Canada, has dampened risk sentiment, with critics claiming that it will disrupt critical sectors like auto production and agriculture.
Accordingly, demand …
