Insignia Consultants | Safe-haven gold rises amid Trump tariff worries
Safe-haven gold rises amid Trump tariff worries
12 hours ago
233
Jan 30 (Reuters) - Safe-haven gold prices rose on Thursday as investors worried about potential import tariffs from U.S. President Donald Trump, while investors awaited a key inflation report to gauge the Federal Reserve's policy path.
Spot gold was up 0.7% at $2,776.79 per ounce, as of 1020 GMT. U.S. gold futures climbed 0.8% to $2,791.70.
"Despite the fact that tariffs on gold in the States are extremely unlikely given that it is a reserve asset, risk managers are taking no chances and moving metal into the States," said StoneX analyst Rhona O'Connell.
