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18 April 2024

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Gold rises on weaker dollar, tariff uncertainty before deadline

01-07-2025 08:40 AM


Ammon News - Gold prices rose on Tuesday, supported by a weaker dollar and heightened uncertainty over U.S. President Donald Trump's tariff policies ahead of the July 9 deadline, driving investors toward safe-haven assets.

Spot gold was up 0.6% at $3,322.55 per ounce, as of 0430 GMT, while U.S. gold futures rose 0.8% to $3,334.80.

"Weaker dollar and concerns about the impact if Trump's tariff deadline is not extended are supporting gold at the moment," said Nicholas Frappell, global head of institutional markets at ABC Refinery.

The U.S. dollar index fell 0.2% to a more than three-year low, making bullion more affordable for holders of other currencies.

Spot silver rose 0.2% to $36.16 per ounce, platinum was steady at $1,352.49, while palladium gained 1.4% to $1,113.18. Reuters




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