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18 April 2024

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Gold holds ground as investors assess new US tariff proposals

08-07-2025 10:54 AM


Ammon News - Gold prices were little changed on Tuesday, caught between safe-haven demand following U.S. President Donald Trump's new tariff proposals for trading partners, including Japan and South Korea, and rising Treasury yields that capped any upside momentum.

Spot gold eased 0.1% to $3,331.85 per ounce, as of 0612 GMT. U.S. gold futures was steady at $3,341.80.

On Monday, Trump began telling trade partners that sharply higher U.S. tariffs would start on August 1, marking a new phase in the trade war he launched earlier this year, with tariffs on goods from Japan and South Korea set at 25%.

Spot silver held steady at $36.75 per ounce, platinum fell 0.1% to $1,368.93 and palladium rose 0.2% to $1,112.88. Reuters




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