Investors' tariff fears are erasing April's gains

US market slid on Monday with the Nasdaq-100 down 2.5%. This indicates investors are turning from the US market, despite companies reporting better-than-expected earnings results. One asset they're turning to is gold, with the price reaching a new high of US$3442. Locally, the ASX 200 slipped nearly 1% after open. Investors should watch for greater volatility in Tesla, which will report tonight.

Securities mentioned include Macquarie Group, Newmont Corp, Tesla, VanEck Gold Miners Equity ETF