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Back 03 Apr 2025

Safe-haven gold hits record peak as Trump announces sweeping tariffs ​  

Summary: Gold prices reached a record high as investors sought safe-haven assets following President Trump’s announcement of sweeping tariffs on major trading partners. The move, which includes a 10% baseline tariff on all US imports and higher duties on several countries, deepens the global trade war and has rattled markets.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/safe-haven-gold-hits-record-peak-trump-announces-sweeping-tariffs