US EditionThe Bank of England gold rush that's pushing up the price
- Gold prices have soared amid uncertainty caused by U.S. President Donald Trump's tariffs, reaching a record high of over $2,942 per ounce.
- Trump's tariffs on steel and aluminum imports have been reinstated at 25 percent, affecting global markets and raising inflation concerns.
- Canadian Prime Minister Justin Trudeau called the tariffs 'entirely unjustified,' reflecting international discontent over Trump's actions.
- Gabriel Wildau of Teneo suggested that these tariffs could lead to sectoral retaliations from U.S. trading partners in Europe and Asia.
10 Articles
10 Articles
US banks buy Dubai gold to counter potential tariffs
US banks stocking up Price nearing $3K per ounce Swiss refining backlog Dubai is among several global gold centres benefiting from fears among US banks that President Donald Trump might impose duties on the precious metal, analysts say. A backlog at refining facilities in Switzerland has added to US banks’ concerns about the availability of bullion. “There is now a real concern about the tariffs being imposed (on gold) and the market is worried …
The price of gold remains close to historical maximums amid the anxieties related to Trump and a weaker USD - World Stock Market
The price of gold attracts buyers for the second consecutive day in the midst of a combination of support factors. Concerns about Trump’s commercial tariffs and a modest weakness of the USD underpin the Xau/USD pair. The small bets for feat cuts of the Fed justify some caution before positioning for an additional positive movement. The price of gold (xau/usd) operates with a slight positive bias during Thursday’s Asian session and seeks higher t…
Gold price could go well over US$3300 in bull case: Citi
Relatively calm trading in risk assets belies signs of concern about the potential impact of a worsening trade war on the global economy as gold prices continue to hit record highs. Markets have been less reactive to trade war escalation this week and gold continued to soar after US President Donald Trump announced 25 per cent tariffs on steel and aluminium. Amid unprecedented demand from central banks and fear of a global trade war as the US co…
Gold Prices Fall Amid Fed Confidence and Lingering Global Tensions
News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://newsghana.com.gh/gold-prices-fall-amid-fed-confidence-and-lingering-global-tensions/Gold prices registered a modest decline for the second day in a row after touching historic highs earlier this week, as investors digested the Federal Reserve’s latest assessment of the economy. The Fed’s message was clear: the economy remains robust, reducing the immediate need for in…
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