
Etribe Concepts.
February 11, 2025 at 03:44 PM
*Trump tariffs push safe-haven gold to record peak*
Gold prices soared to a record high on Tuesday, as investors flocked to the safe-haven asset after U.S. President Donald Trump imposed new 25% tariffs on steel and aluminum imports, fueling concerns over a potential trade war and inflation.
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view as investors navigate growing uncertainties over the repercussions of U.S. trade policies.
Any surprise in Powell’s testimony or a downside surprise in the CPI report may cause gold to experience a technical correction,
Elsewhere, gold leasing rates in India hit a record high, tracking the overseas market, where rates have jumped due to a supply crunch as banks divert the precious metal to the United States in a bid to avoid potential tariffs.
*Etribeconcepts Group™*
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