Extreme volatility in global markets boosted Gold today as safe haven edge of the metal came into play. The President Donald Trump pressed ahead with sweeping new global tariffs, including over 100 percent in levies against Chinese goods. This triggered a counter response from China which slapped 84% tariff on the US goods. Gold zoomed up in this turbulence, gaining from a three-week low and witnessing excellent upside strength after a break above the key $3000 per ounce mark. The counter currently trades up 3% at $3080 per ounce. Meanwhile, in equities, China's Shanghai Composite index jumped 1.31 percent as China's yuan hit a record low. Hong Kong's Hang Seng index rose 0.68%. Japan's Nikkei index lost 4% though on firm Yen. European stocks slipped amid high volatility today. The US stocks ended down amid significant fluctuations yesterday. The tech-heavy Nasdaq lost 2.15% and the S&P 500 fell 1.57%. The Dow shed 0.84%.

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