(Updates headline, first paragraph and prices throughout with

U.S. markets; adds fresh analyst comment)

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Wall Street stocks trade higher

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Bond yields fall, yen gains as safe havens garner demand

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Spot gold hits record high

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Oil eases from 5-week high as traders weigh slowdown risks

By Amanda Cooper and Chibuike Oguh

NEW YORK/LONDON, April 1 (Reuters) -

Global shares edged higher in choppy trading on Tuesday,

while safe-haven gold soared to a record peak as markets awaited

details of U.S. President Donald Trump's reciprocal tariffs.

Investors are nervously awaiting April 2, a day Trump has

dubbed "Liberation Day," when he has promised to unveil a

massive reciprocal tariff plan.

The Office of the U.S. Trade Representative released its

annual report on foreign trade barriers on Monday, which

contained scores of other countries' policies and regulations it

regards as trade barriers.

Yet it was unclear how the 397-page report will impact

Trump's reciprocal tariff plans.

On Wall Street, all three indexes were trading higher

after losing ground earlier in the session, with gains in

consumer discretionary communication services, consumer staples

and technology stocks being offset by losses in healthcare and

financials equities.

"In terms of the upcoming tariff announcement, we still

don't know which countries they'll be imposed on and what rate.

It's fair to say that the administration might not have the

final plan ready as yet," Deutsche Bank strategist Jim Reid

said.

The Dow Jones Industrial Average rose 0.07% to

42,033.18, the S&P 500 rose 0.34% to 5,630.81 and the

Nasdaq Composite rose 0.79% to 17,435.09.

European stocks rallied, recovering from the

previous day's bout of profit-taking, particularly in assets

that are highly vulnerable to U.S. tariffs. The benchmark index,

which rose 5.1% in the first three months of the year, ended up

1%, with technology, industrial, and financial stocks leading

the way.

Uncertainty is running high. Various measures of stock, bond

and currency volatility have risen sharply in the past few days,

reflecting the challenge for investors of trading the unknown.

Gold powered to a record high for a fourth straight

session, hitting $3,148.88 per ounce. It eased 0.17% to

$3,117.63 an ounce.

Mark Malek, chief investment officer at SiebertNXT, said

investors are not just faced with uncertainty from tariffs but

they also worried about the possibility of a looming economic

slowdown given weakness in recent data.

Data from the Institute for Supply Management showed

U.S.

manufacturing contracted

in March after growing for two straight months. A separate

report from the Labor

Department showed

U.S. job openings fell in February.

"I can tell you anecdotally that the number of client

calls that we've been taking lately has increased and it's not

necessarily about tariffs but they are worried about the

economy. They are losing confidence, and that's investor

confidence - which is a tough thing to fight," Malek said.

Demand for the safety of Treasuries sent yields lower,

with benchmark 10-year note yields falling nearly 10

basis points to 4.15%. But in Europe, the yield on benchmark

German 10-year Bunds rose 0.1 basis points to

2.684%.

Investor caution towards U.S. assets has resulted in

continued pressure on the dollar, which posted its worst

first-quarter performance against a basket of currencies

in nine years this year, with a drop of nearly 4%.

The Japanese yen held firm, as did the Swiss franc, as

traditional safe-

haven assets drew demand

.

The yen strengthened 0.43% against the

greenback to 149.3 per dollar. Against the Swiss franc

, the dollar weakened 0.2% to 0.882 franc. The euro

was down 0.15% at $1.0801.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

fell 0.05%.

The Australian dollar strengthened 0.5% versus

the greenback to $0.6277. The RBA

held rates

at 4.1%, having just cut them by a quarter point in

February for the first time in over four years.

Bitcoin gained 3.48% to $85,303.07.

Oil prices steadied near five-week highs as Trump

threatened to impose secondary tariffs on Russian crude and

attack Iran, countering worries about lower prices from the

impact of a trade war on global growth.

Brent futures were up 0.05% at $74.73 a barrel,

after rising to above $75 a barrel earlier in the session. U.S.

West Texas Intermediate crude futures rose 0.07% to

$71.43.