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Donald Trump pours fuel on the fire of tariffs: gold heats up
Gold quickly returns to the spotlight in today’s trading, reaching a three-week high. Concerns are rising over the economic plans of President Donald Trump, who has pledged to increase tariffs following warnings from the Supreme Court, which opposes the duties imposed by the tycoon.
Gold rebounds: spot trades at $5,020 per ounce
The price of the metal for immediate delivery is rising again, climbing back above the psychological threshold of $5,020 per ounce. Weighing on markets are the threats from President Trump, who warned Iran of “really bad things” if an agreement is not reached within 10–15 days.
[Source: Market screener]
Gold and Silver Steady, Spotlight on the U.S. and Iran
Gold prices remained largely unchanged in today’s trading session, while silver posted slight gains. Precious metals markets are pausing ahead of the weekend, as attention shifts to U.S. military buildup operations in the Middle East.
[Source: Kitco News]
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