GOLD CONTINUES TO SHINE AS THE TARIFFS WAR NOW CENTERS AROUND US AND CHINA

GOLD CONTINUES TO SHINE AS THE TARIFFS WAR NOW CENTERS AROUND US AND CHINA

Gold prices have surged over 1% today, climbing above $3,100 per ounce, driven by intensified trade tensions between the U.S. and China. ​

President Donald Trump's announcement to raise tariffs on Chinese imports from 104% to 125% has escalated the trade conflict, prompting investors to seek safe-haven assets like gold. ​

While Trump announced a 90-day pause on global tariffs, reducing reciprocal tariffs to 10%, China's tariffs remain at 125% due to retaliatory measures, maintaining market uncertainty. ​

In response to U.S. tariffs, China imposed tariffs on U.S. imports, including coal, liquefied natural gas, crude oil, farm equipment, and electric trucks, further straining trade relations. ​

The escalation of the U.S.-China trade war has led to significant market volatility, with global stock markets experiencing sharp declines and bond yields fluctuating. ​

Amid economic instability and geopolitical tensions, investors are flocking to gold as a safe-haven asset, contributing to its price increase.