Reported 8 days ago
Gold prices experienced a significant rise after their biggest one-day gain in 18 months, driven by uncertainty surrounding US President Trump’s tariff policies. Following the implementation of tariffs on approximately 60 trade partners, gold climbed by as much as 1.6% and approached last week's peak, buoyed by a declining US dollar and investor concerns over a potential global recession. The market reacted positively after Trump opted for a 90-day pause in increasing tariffs on 56 countries, leading to bullish movements in both gold and US stocks.
Source: YAHOO