Gold hits record high as Trump announces tariffs on steel and aluminium
US president says he will impose 25% levies on metal imports from Tuesday or Wednesday
Gold has reached to a record high and aluminium prices rose after Donald Trump said he would impose new 25% tariffs on steel and aluminium imports into the US, rattling financial markets.
As investors rushed for a safe haven for their money, the spot price of gold rose by more than 1% to $2,896 (£2,336) an ounce on Monday morning, above the record high set on Friday. Gold has been rising in recent weeks, amid concerns over the impact of Trump’s policies. It has gained 10% since the start of the year, after ending 2024 at $2,623 an ounce. Continue reading...
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