Gold Steadies as Investors Await Clarity on Tariff Plans
Commodity Alert: Gold Steadies as Investors Await Clarity on Tariff Plans
Gold prices steadied as investors await more details on the U.S. tariffs plan. Reports that U.S. president Trump may exempt Canada, Mexico from tariffs offset safe-haven demand and put pressure on the precious metal earlier in the day, as White House spokeswoman Sarah Sanders told reporters that the expected U.S. tariffs on steel and aluminium imports may exclude Canada, Mexico and a few of other countries. The dollar slightly recovered following the development. The US dollar index that tracks the greenback against a basket of six major currencies gained 0.03% to 89.59.
Source : Investing