Gold futures fell from lofty levels, slipping 0.5% to $3,204.80 per troy ounce, still the second-highest ever close for the front-month contract.

The major indexes had their biggest gains in years as President Trump lowered tariffs for most countries for 90 days. Tesla, Nvidia and Palantir were huge winners.

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A slate of tariffs from the Trump administration are set to take effect shortly after midnight Wednesday, including an ...