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Gold Price Rises as Trump Announces Tariff Letters for Trading Partners
Gold prices climbed on Friday as President Donald Trump announced his administration would begin sending tariff notification letters to trading partners. The precious metal rose 0.5% to around $3,340 an ounce as investors reacted to the news. Trump told reporters that the letters would detail new levy rates for several nations, with tariffs starting August 1. The rates will range from 10-20% on the lower end to 60-70% for some countries, according to the president’s comments made late Thursday. The administration plans to send out approximately 10-12 letters on Friday. Additional letters will follow over the next ... (full story)