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Gold Climbs as Trump Stands By Plans for Mexico, Canada Tariffs
Gold rose as traders weighed the potential implications of US tariffs as well as other policies from President Donald Trump. Trump announced he would likely impose tariffs on Mexico and Canada early next month even as he held off from immediately hitting China with import levies. Trump also indicated he was still considering a universal tariff on all imports to the US, but said he was “not ready for that yet.” He is also set to unveil what the White House is calling a major infrastructure initiative Tuesday. Bullion extended gains from Monday and silver futures briefly spiked after Trump’s comments. Mexico is ... (full story)