Gold costs rose for a 3rd straight session as buyers rushed towards safe-haven property after U.S. President Trump introduced steep new tariffs—together with a 35% tariff on Canadian imports and potential blanket tariffs on different international locations. The escalation of commerce tensions has sparked fears of an financial slowdown, prompting buyers to hunt stability in treasured metals.
As well as, the Federal Reserve signaled that fee cuts are nonetheless potential this yr, which additional helps gold’s attraction. Silver and palladium additionally posted positive aspects, with palladium rising over 2%. In the meantime, rising premiums in U.S. futures for silver, platinum, and palladium mirror elevated demand and tighter market circumstances.
