GOLD JUMPS AS TRUMP'S 104% TARIFFS ON CHINA KICK IN
GOLD JUMPS AS TRUMP'S 104% TARIFFS ON CHINA KICK IN
On April 9, 2025, the United States enforced new tariffs on Chinese imports, with rates reaching up to 104%.
In response to heightened trade tensions and a weakening U.S. dollar, gold prices surged by 1%, reaching $3,010.39 per ounce.
The tariffs have intensified fears of a global trade war, leading to significant declines in global stock markets.
China has accused the U.S. of economic coercion and currency manipulation, pledging to resist the new measures.
Experts predict that ongoing volatility and a declining U.S. dollar could drive gold prices even higher, potentially breaching the $3,000 mark.
