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Gold

Trump’s Tariff Threats Could Drive Gold to New Highs

The Quiet Bank Run in Gold
The Quiet Bank Run in Gold

Gold prices climbed to new highs following President Trump’s threats to impose hefty tariffs on the EU and Apple, fueling investor demand for the precious metal.

Gold futures settled at $3,363.60 per ounce, up 2.2%, with analysts noting global spending on gold has hit a 50-year peak.

Miners are seeing record-high profit margins, and central banks continue to stockpile gold amid fears of U.S. sanctions.

Citi predicts that while demand will remain robust into Q3, caution is warranted for gold prices later in the year.

Eight more from the desk

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