AuAltinavcisiPrecious metals news and analysis

Gold

Tariff Chaos Propels Gold to Biggest Daily Gain Since 2022

Perth Mint Gold Scandal: Mint Regains Global Confidence
Perth Mint Gold Scandal: Mint Regains Global Confidence

Gold prices surged, coming close to last week’s all-time high after posting its largest one-day gain (+3.3%) in 18 months.

The rally was triggered by market uncertainty following President Trump’s confusing tariff announcements.

After initially implementing tariffs on 60 trading partners, Trump announced a 90-day pause for 56 countries and the EU, while simultaneously raising duties on China to 125%.

This volatility, combined with a weakening dollar and expectations of Federal Reserve easing, has supported gold’s 19% rise this year.

Eight more from the desk

Other dispatches from the bullion wire.

Why Is Gold Falling When the World Is on Fire?GoldWhy Is Gold Falling When the World Is on Fire?
BofA Sees $5,000 Gold as Inflation and Fed Cuts LoomFed & yieldsBofA Sees $5,000 Gold as Inflation and Fed Cuts Loom
Perth Mint Gold Scandal: Mint Regains Global ConfidenceCentral banksChina’s Central Bank Uses Gold Imports to Manage Currency Appreciation Amid Trade War
A brass balance scale on a dark marble surface with one gold coin on the left pan outweighing a tall stack of silver coins on the right, illustrating the gold-silver ratio.SilverThe Gold-Silver Ratio Is Expanding — and Being Misread
U.S. Debt Hits $38T, J.P. Morgan Sees Gold Above $5,000GoldU.S. Debt Hits $38T, J.P. Morgan Sees Gold Above $5,000
Gold Retreats as US-China Trade Tensions Cool, Investors Eye Economic DataGoldGold Retreats as US-China Trade Tensions Cool, Investors Eye Economic Data
Gold Holds Above $5,000 as Hedge Funds Brace for TurbulenceGoldGold Holds Above $5,000 as Hedge Funds Brace for Turbulence
Record-Breaking Gold Rush Pushes Metal Toward $3,000GoldRecord-Breaking Gold Rush Pushes Metal Toward $3,000