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Gold Gains After Pullback as Trump Tariffs Stoke Economic Fears

The tariffs threatened by U.S. President Donald Trump may negatively impact global markets and economic growth, as warned by Legal & General Investment Management.
Gold prices have risen over $200 per ounce to $2,860, reflecting increased demand, particularly in India, where gold imports are significant.
Chief Economic Advisor V. Anantha Nageswaran stated that gold will remain important for investment portfolios due to inflation concerns and its cultural value.
India's GDP is projected to grow by 6.5% in FY25, despite challenges like reliance on gold imports, according to official estimates.

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Bloomberg

Gold Gains After Pullback as Trump Tariffs Stoke Economic Fears

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