Published 2 days ago

Gold's latest surge a sign it will test $3,000/oz this year

Summary by Miningmx

US President Donald Trump’s 25% tariffs on steel and aluminium sent gold to record highs on worries of widening trade conflict and inflation, said Reuters. Investors flocked to the safe-haven asset, with spot gold up 0.3% at $2,916.37 per ounce as of 9am in Johannesburg after earlier reaching $2,942.70. “Its surge reflects a combination of ongoing central bank buying to diversify away from the dollar, safe haven demand and positive momentum driv…

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Gold's latest surge a sign it will test $3,000/oz this year

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