Gold Rises as Trump Makes Tariff Announcements
On Friday, gold registered solid gains after Trump made new tariff announcements targeting Canada, and the president also broadened his tariff threats on other countries the U.S. trades with. Gold futures made gains of 0.7 percent to reach $3,349 early on Friday while spot gold saw gains of 0.4 percent to reach $3,336 an ounce. These gains came after President Trump announced on Thursday that America was levying a 35 percent tariff rate on all imports originating from Canada. Trump added that he intended to levy duties of between 15 percent and 20 percent on imports sourced from other countries…