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Threat of Tariffs Is Driving Gains for Gold
The threat of tariffs could be pushing more investors toward gold. President Trump’s recent tariffs on Canada and Mexico could spark additional demand for the precious metal. With President Trump fresh off his inauguration, the tariff back-and-forth could just be in its early stages. Given the geopolitical risks, more investors have been looking in the direction of gold as an ideal safe haven asset. As such, gold has risen above $2,800 per ounce. “There’s a lot of uncertainty out there right now and also wait-and-see attitude on the geopolitical stage with tariffs,” said Bob Haberkorn, senior market ... (full story)
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- Posted: Feb 4, 2025 2:14pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 87
