Global markets suffer from "Black Monday"! Nasdaq futures drop over 5%, gold falls close to $3020, copper and oil plummet

Tariff clouds loom over the global market, with U.S. stock futures opening sharply lower on Monday, gold continuing to pull back, and crude oil declining.

On Sunday, senior economic officials from Trump dismissed investors' concerns about inflation and recession, insisting that despite global tariffs causing market turmoil, prosperity is on the horizon.

Officials, including Treasury Secretary Mnuchin and Commerce Secretary Ross, stated that Trump will stick to the tariff agenda, with Ross saying "tariffs are coming," and Mnuchin adding, "I see no reason we have to price in a recession."

On Monday, in the Asia-Pacific session, S&P 500 futures opened down 2.6%, with losses quickly expanding to over 3%, and Nasdaq futures falling more than 5%.

Gold fell close to $3020, and spot silver dropped over 2%.

WTI crude oil futures briefly fell below the $60 mark during the session. Saudi Arabia has lowered its oil sales prices to Asia to a four-month low.

Non-U.S. currencies weakened, with the Australian dollar falling 1% against the U.S. dollar, while the Japanese yen rose over 1% due to safe-haven sentiment.