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Gold Holds Near 11-Week High as Trump Hints at China Tariffs
Gold held near the highest since early November, with traders monitoring the outlook for the global economy as President Donald Trump continued to sketch out his views on trade and immigration policies. Bullion was steady around $2,745 an ounce after surging 1.4% in the previous session, as Trump’s tariff threats bolstered demand for haven assets. He later said that he is considering placing a 10% levy on Chinese goods in retaliation for the flow of fentanyl from the country, and reiterated he intends to hit Canada and Mexico with import duties as high as 25% in coming weeks. Investors are focused on the ... (full story)
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- Posted: Jan 21, 2025 10:23pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 204
