GOLD CLIMBS AS TRUMP TARIFFS, CHINA SPAT RATTLE MARKETS
Published on Jun 04, 2025 14:35
Gold rose to around $3400 per ounce on Wednesday, supported by safe-haven demand amid rising geopolitical and economic risks. The OECD cut its global growth outlook, citing pressure on the US from escalating trade tensions. Trump�s steel and aluminum tariffs took effect, straining global trade, while US-China relations worsened. Hostilities between Russia and Ukraine continued, and Iran is expected to reject a US nuclear proposal. MCX August gold futures climbed nearly ₹500 to ₹98179 per 10 grams. Markets now look to a possible Trump-Xi meeting later this week.
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