New Straits Times on Nostr: Gold holds steady near all-time high amid US tariff concerns ========== On February ...
Gold holds steady near all-time high amid US tariff concerns
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On February 4, 2025, gold prices remained near a record high of US$2,830.49 reached the previous session, with spot gold at US$2,816.64 per ounce. Concerns over US President Donald Trump's tariffs on Canada, China, and Mexico are driving inflation fears and safe-haven demand for gold. Trump agreed to a 30-day pause on tariffs for Mexico and Canada on February 3, 2025, while tariffs on China remain. The SPDR Gold Trust reported a 0.10% increase in holdings to 865.63 tonnes. Key economic data, including the ADP employment report and US employment report, is anticipated this week.
#Gold #Tariffs #Us #Economy #Inflation #Trump #China #Canada #Mexico #SpdrGoldTrust
https://www.nst.com.my/business/economy/2025/02/1170210/gold-holds-steady-near-all-time-high-amid-us-tariff-concerns
==========
On February 4, 2025, gold prices remained near a record high of US$2,830.49 reached the previous session, with spot gold at US$2,816.64 per ounce. Concerns over US President Donald Trump's tariffs on Canada, China, and Mexico are driving inflation fears and safe-haven demand for gold. Trump agreed to a 30-day pause on tariffs for Mexico and Canada on February 3, 2025, while tariffs on China remain. The SPDR Gold Trust reported a 0.10% increase in holdings to 865.63 tonnes. Key economic data, including the ADP employment report and US employment report, is anticipated this week.
#Gold #Tariffs #Us #Economy #Inflation #Trump #China #Canada #Mexico #SpdrGoldTrust
https://www.nst.com.my/business/economy/2025/02/1170210/gold-holds-steady-near-all-time-high-amid-us-tariff-concerns