Gold gained, bolstered by haven demand as traders weighed fresh tariff threats from President Donald Trump after he declared a 30% rate for the European Union and Mexico effective next month.

Gold prices rose more than 1% on Friday as investors sought safe-haven assets following U.S. President Donald Trump's announcement of new tariffs, while silver reached its highest level in over 13 years.

Bitcoin surged to all-time record on Thursday, moving past $118,000 and even crossing the $119,000 mark on Friday, before settling at $118,780.This sharp rise comes as global stock markets decline, driven by trade and tariff tensions sparked by US President Donald Trump's tariff notices to over 20 countries.