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HinduBusinessLine

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Gold rises on Trump's latest tariffs, firmer dollar caps gains

  • Gold prices rose slightly as spot gold reached $3,333.67 per ounce and US gold futures climbed to $3,345.10.
  • Trump's announcement of new tariffs on Canadian imports and other trade partners, along with a recent tariff on US copper imports, boosted market uncertainty.
  • Despite the tariff news, gold prices did not surge significantly due to investor familiarity with Trump's policies and a stronger US dollar, which made gold more expensive for international buyers.
  • The US dollar index recorded its best weekly performance since February, limiting the gains for precious metals like gold.

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