US president says he will impose 25% levies on metal imports from Tuesday or Wednesday
Gold has reached to a record high and aluminium prices rose after Donald Trump said he would impose new 25% tariffs on steel and aluminium imports into the US, rattling financial markets.
As investors rushed for a safe haven for their money, the spot price of gold rose by more than 1% to $2,896 (£2,336) an ounce on Monday morning, above the record high set on Friday. Gold has been rising in recent weeks, amid concerns over the impact of Trump’s policies. It has gained 10% since the start of the year, after ending 2024 at $2,623 an ounce.
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Source: https://www.theguardian.com/business/2025/feb/10/gold-hits-record-high-as-trump-announces-tariffs-on-steel-and-aluminium
