Gold prices rose back above $2,900 per ounce on monday, supported by a weaker dollar and fears of a trade war as u.s West texas intermediate crude cl1 President donald trump threatened reciprocal tariffs
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Spot gold gold was up 0.5% to $2,897.49 as of 2:10 p.m
Et (1910 gmt), retreating from an intraday high of $2,906.38
It hit a record high of $2,942.70 last week Gold futures gold gained 0.3% to $2,910.30. By caroline valetkevitch stocks fell sharply, with the s&p 500 and nasdaq down more than 2% each, while treasury yields dropped and the u.s Treasury yields fell late on wednesday, erasing earlier gains, after president donald trump unveiled a slew of tariffs and higher levies against some of the country's biggest trading partners, sparking concerns about inflation and economic growth
Trump announced a 10% baseline… On thursday afternoon, a u.s appeals court reinstated the tariffs during the appeal. However, this does not mean the indicator is broken It is just telling a new narrative about global transition and fragmentation
Futures steadily retreated throughout the session, however, as senior trump administration officials downplayed the impact of the ruling and insisted there are other legal avenues to employ.
Copper prices rebounded on thursday after president donald trump said a 50% tariff would be imposed from august 1, but held below their record peak due to a glut of metal already in the united states and uncertainty over details.trump signalled on tuesday that he was imposing fresh tariffs on… Oil prices rose on thursday after a u.s Court blocked president donald trump's tariffs from taking effect, while the market was watching out for potential new u.s Sanctions curbing russian crude flows and an opec+ decision on hiking output in july
Climbed 81 cents, or 1.25%, to $65.71 a barrel
