Published 8 months ago • loading... • Updated 8 months ago

Gold Rises on Trumps Latest Tariffs, Firmer Dollar Caps Gains

On July 11, 2025, gold and silver prices increased as investors sought safety following President Trump's newly imposed tariffs on Canadian goods and escalating geopolitical unrest in the Red Sea region.
The increase followed Trump's announcements of tariffs including a 35% duty on Canadian imports and a 50% tariff on U.S. copper exports, with all new tariffs effective August 1.
Gold prices reached Rs 97,373 per 10 grams on the MCX, up 0.71% from the previous close, while COMEX gold gained 0.57% to trade near USD 3,344.7 per troy ounce.
KCM Trade analyst Tim Waterer said gold gains were limited due to the dollar's strength as it moved north in unison with gold, reducing the metal's upside potential despite tariff tensions.
The tariff-driven market turbulence suggests continued volatility in precious metals prices and sustained investor interest in safe assets amid escalating trade conflicts and geopolitical risks.

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