Gold prices stabilized, supported by investor demand for safe‑haven assets, after U.S. President Donald Trump threatened to impose 30 percent tariffs on imports from the European Union and Mexico.
Spot gold was steady at $3,357.56 per ounce, after hitting its highest-level since 23 June earlier in the session. U.S. gold futures increased 0.19 percent to $3,370.40.
President Trump had threatened to impose 30 percent tariffs on imports from Mexico and the EU as of 1 August, after weeks‑long negotiations with major U.S. trading partners failed to produce a comprehensive trade deal.
Source (CNBC Arabia Website, Edited)
