Home » Gold bounces higher as trade turmoil hurts dollar, treasuries

Gold bounces higher as trade turmoil hurts dollar, treasuries

0 comments

Gold rose the most in nearly a year as global markets gyrated and the dollar weakened after US President Donald Trump risked a brutal global trade war with sweeping new import tariffs.

A vicious selloff of US government bonds — typically a safe haven in times of turmoil — underscored a jittery day for investors as Trump’s historic trade measures came into effect. Bullion extended recent declines before swinging higher to gain as much as 2.3%

Login to view the full content

You need to log in to view the full post content.

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
 
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More