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Bloomberg Quint

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Image Credit: Bloomberg Quint

Gold Edges Up After Levy Chaos Drives Biggest Gain In 18 Months

  • Gold edged higher after posting its biggest one-day gain in 18 months, as confusion over US President Donald Trump’s tariff agenda drove investors to buy the precious metal as a haven.
  • During a whipsaw day for markets, gold climbed as much as 3.9% before closing up 3.3%, less than $100 short of its all-time high posted last week.
  • The constant back-and-forth of the US administration’s tariff plan has rocked the world, as investors scramble to find direction and certainty, which has been supportive for gold, up 18% this year.
  • Spot gold for immediate delivery gained 0.2% to $3,088.32 an ounce as of at 8:20 a.m. Singapore time.

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