Gold rises as fears mount over Trump’s reciprocal tariff plans

From brecorder.com

Gold prices rose on Thursday as US auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world’s largest economy. Spot gold rose 0.4% to $3,030.47 an ounce as of 0247 GMT. US gold futures gained 0.5% to $3,036.00. US President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war. Investors feared that Trump’s reciprocal tariffs, expected to take effect on April 2, might fuel inflation, slow economic growth and heighten trade tensions. Concerns over Trump’s tariff policies ... (full story)