Gold rises on weaker greenback, trade war fears after Trump tariffs

News Snapshot:

Gold prices rose on Tuesday, driven by a weaker dollar and heightened safe-haven demand amid escalating trade conflicts following U.S. President Donald Trump’s imposition of new tariffs. Spot gold was up 0.9% at $2,918.90 an ounce as of 09:12 a.m. ET. Bullion has gained more than 11% so far this year and hit a record high of $2,956.15 on February 24. U.S. gold futures were up 1% at $2,929.20. “The implementation of tariffs brings a high level of uncertainty to the markets, and safe-haven products like gold and silver continue to do well,” said David Meger, director of metals trading...