Gold prices hit a record high today as a stumble in the US jobs market stoked worries President Donald Trump’s economic policies could leading to a broader slowdown.

Many of the economic and geopolitical shifts under Trump are fuelling a global exodus out of US assets into safe-haven alternatives such as gold, according to Romano Sala Tenna a portfolio manager at Katana Asset Management.

“Trump directly and indirectly is responsible (for gold’s rise)” Mr Sala Tenna said. “(The US) will have to print its way out of a debt crisis and the US dollar is undergoing a devaluation that’s leading investors into alternatives.”

Trump’s jobs market is sinking

Jobs data last Friday fuelled worries about the impact of Mr Trump’s tariff wars. The data showed the US economy added just 22,000 jobs in A

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