Global shares slump and gold hits a record high as investors fret over tariffs

HONG KONG (AP) — Global shares slumped on Monday, with benchmarks in Tokyo and Taiwan falling more than 4%, while the price of gold hit a record high, trading at $3,154 an ounce.

Investors have pulled back and sought traditional safe havens like gold as worries build over a potentially toxic mix of worsening inflation and a slowing U.S. economy because households are afraid to spend due to the deepening trade war that has escalated under U.S. President Donald Trump.

The future for the S&P 500 sank 1%...