Gold gains on Trump’s latest tariff salvo

Gold rose – placing it on observe for a 2% weekly achieve – as President Donald Trump stated some US buying and selling companions would face tariffs from Aug 1. Bullion rose 0.5% to round $3,340 an oz. on Friday as buyers weighed the latest commerce feedback from the president, who stated the administration will begin sending letters on Friday that set new levy charges for a number of nations.Trump has lengthy threatened that if nations fail to achieve offers with a July 9 deadline, he would impose increased charges on them, elevating the stakes. So far, the administration has introduced offers with the UK and Vietnam and agreed to a truce with China.