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Walmart stuck to its full-year sales and income growth forecasts on Wednesday and vowed to keep prices low, even as U.S. President Donald Trump s sweeping tariffs fuel fears of a global recession.

US Treasuries are losing their haven status amid Trump’s trade war, triggering concerns of a potential repeat of the 2020 basis-trade unwind that destabilized markets. Hedge fund leverage and rising yields hint at deeper systemic risks brewing beneath the surface.

Gold prices soared by ₹2,800 on MCX to ₹90,450 per 10g after Comex gold breached $3,000, driven by China and EU retaliatory tariffs against US trade moves. The Trump-led tariff escalation has intensified global trade tensions, boosting demand for safe-haven assets like gold.

Indian rupee today:The Indian rupee fell 42 paisa to 86.68/$1 on Wednesday, hitting a three-week low amid global trade tensions and a 25-bps RBI rate cut. Bond yields rose, and traders expect further rupee pressure as tariff concerns mount.

India is exploring the feasibility of allowing its companies to list on the London Stock Exchange, the finance ministers of India and Britain said in a joint statement after a meeting on Wednesday.

Oil prices slipped on Wednesday, hitting fresh four-year lows before recovering some ground, after China announced additional tariffs on U.S. goods in retaliation against President Donald Trump s tariff policy.

Wall Street experienced volatile trading following the U.S. s increased tariffs on China, initially rallying before paring gains. Technology stocks rebounded, led by Nvidia and Microsoft, while financials also saw significant increases. Despite the day s gains, major indexes remain down from pre-tariff levels, with concerns about inflation and global growth influencing expectations for Federal Reserve interest-rate cuts.

Wall Street indexes fluctuated on Tuesday as hopes for tariff delays faded ahead of a looming deadline. Despite an initial rally, stocks wavered after the White House confirmed tariffs would proceed, causing investors to lose confidence. The Dow Jones Industrial Average rose, while the S&P 500 saw marginal gains, and the Nasdaq Composite declined, reflecting market uncertainty.

Short sellers targeting U.S. companies have gained $127 billion on paper from April 2 through Monday after President Donald Trump s sweeping tariffs sparked a sharp selloff in stocks, according to data and analytics company Ortex Technologies.

Gold prices rose back above $3,000 per ounce on Tuesday as a weaker U.S. dollar and escalating trade tensions between the world s two largest economies lifted demand for the safe-haven asset.