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Gold Holds Gains as Trump Tariff Concerns Reignite Haven Demand

Gold Holds Gains as Trump Tariff Concerns Reignite Haven Demand

Bloomberg6 days ago
Gold held near the highest in a month, as risk-off sentiment returned among investors watching the progress of trade negotiations ahead of US President Donald Trump's Aug. 1 tariff deadline.
Bullion traded near $3,395 an ounce after closing 1.4% higher in the previous session, as concerns about Trump's next trade moves reignited demand for havens. White House Press Secretary Karoline Leavitt on Monday said the president may issue more unilateral tariff letters before Aug. 1. The dollar had its worst day in nearly a month, making gold cheaper for most buyers.
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