💨 Abstract

Gold prices rose on Tuesday due to safe-haven demand as trade conflicts intensified following new tariffs imposed by US President Trump on Mexico, Canada, and China. Spot gold climbed 0.8% to $2,917.61 an ounce, with U.S. gold futures increasing about 1%. The escalating trade conflicts prompted Western investors and emerging-market central banks to buy gold as a hedge.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖