US EditionGold Rises on Trumps Latest Tariffs, Firmer Dollar Caps Gains
UNITED STATES AND BRAZIL, JUL 11 – Gold prices rose 0.2% to $3,320.58 per ounce as tariff hikes on Brazilian imports and copper increased economic uncertainty, boosting safe-haven demand, analysts said.
- 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.
23 Articles
23 Articles
Precious metal futures for August closed up 1.15% at $3,364.0 per troy ounce.
Gold, Silver Rates Today: Silver hits all-time high of Rs 1,11,552/kg on MCX amid Trump's latest tariffs
Gold Price Today, Gold MCX Rate: Prices of precious metals gold and silver continued to gain on Friday, July 11, 2025, supported by safe-haven demand amid US President Donald Trump's latest tariffs on Canada and rising geopolitical tensions in the Red Sea. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 561 at Rs 97,252 per 10 grams against the previous close of Rs 96,691. It surged further to touch the …
The price of gold in domestic markets declined during Saturday's dealings, in conjunction with the weekly holiday of the World Exchange, after the ounces rose by 0.5% during the week's dealings, supported by the fall of the dollar, and the political statements of United States President Donald Trump, which reinforced the fears of the trade war, according to a report by the Platform for Action specializing in the circulation of gold and jewelry o…
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