Trump's Tariff Stick Targets Canada and Mexico, Safe-Haven Demand Boosts Gold Prices
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Trump plans to impose a 25% tariff on Mexico and Canada, leading to a slight increase in gold prices, with spot gold approaching $2,720 per ounce. This move could trigger a trade war, and Trump is considering imposing a universal tariff on all imported goods. Silver futures prices rose at one point, as the market became volatile due to the tariff measures. Investors are focused on inflation prospects, which may limit the Federal Reserve's ability to ease monetary policy. Increased demand for safe-haven assets could further boost gold prices
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