Gold gains ground as US dollar wavers on tariff jitters

From brecorder.com

Gold prices rose on Wednesday as the dollar weakened and as investors braced for U.S. President Donald Trump’s tariffs to take effect, with most flocking to safe-haven gold for cover as global trade tensions escalate and fears of a recession mount. Spot gold gained 0.6% to $3,000.13 an ounce as of 0250 GMT. U.S. gold futures rose 0.8% to $3,014.40. The dollar lost ground as the imposition of tariffs looked imminent, making greenback-priced gold cheaper for overseas buyers. Trump ratcheted up duties on Chinese imports to 104% to counter Beijing’s retaliatory tariffs, accusing Beijing of manipulating the yuan to ... (full story)