Publisher: Maaal International Media Company
License: 465734
Tuesday, 3 June 2025
Gold Rises as Trump Threatens New Tariffs
Gold prices rose on Monday as US President Donald Trump threatened to double tariffs on steel and aluminum imports, while a weaker dollar supported the US-denominated precious metal.
Spot gold rose 0.6% to $3,309.89 per ounce by 00:56 GMT. US gold futures rose 0.6% to $3,333.30.
The dollar index fell 0.1%, making gold cheaper for holders of other currencies, according to Reuters.
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