US EditionTrump Tariffs: Gold hits fresh record high over trade war impact fears
- On Wednesday, gold prices reached a record high, exceeding $3,300 per ounce.
- Escalating trade tensions between the United States and China prompted safe-haven buying.
- Spot gold increased 1.72% to $3,306.90, while U.S. gold futures rose 1.4% to $3,286.30.
- Tim Waterer of KCM Trade noted dollar depreciation and risk aversion favor gold.
- The weaker dollar and ongoing risk aversion are driving gains in the price of gold.
82 Articles
82 Articles
Checkers, chess and go
Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Checkers, chess and go David Goldman analyzes the global economic and geopolitical fallout from President Trump’s escalating tariff war, highlighting gold’s 29% year-to-date surge as a reflection of investor anxiety over inflation, weak currencies, and […] The post Checkers, chess and go appeared first on Asia Times.
Tariffs and precious metals: why gold prices are so high
Although gold and silver have not been a direct target of tariffs, market reactions to trade uncertainty have driven a significant shift in prices.Scott Boulanger, the president of Grizzly Gold and Silver says, "Four months ago the word on our industry was that there are central banks around the world starting to amass and accumulate gold."Since December, gold spot prices have increased around eleven percent to more than $3,300 an ounce due to t…
The impact of the trade war between the US and China is having an impact, so investor concerns have propelled gold to a new historical high. The article BNR has quoted gold at a record level. Boom also globally appears first on Romania TV.
Gold price hits record high amid U.S.-China tensions: Bank of Taiwan - Focus Taiwan
Taipei, April 17 (CNA) The Bank of Taiwan said Thursday that its gold price reached NT$3,518 (US$108.20) per gram at noon -- a record high reflecting risk aversion in global markets due to the trade war between the United States and China.
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