Gold prices climb 1% as US tariffs take effect, dollar wavers


GOLD prices rose 1% on Wednesday as the dollar weakened after U.S. President Donald Trump's tariffs on China took effect, with most traders flocking to safe-haven bullion for cover as global trade tensions and recession fears intensified.

Spot gold was up 0.9% at $3,010.39 an ounce, as of 0500 GMT, after rising 1% earlier in the session. U.S. gold futures rose 1.2% to $3,026.90.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Gold , bullion , precious , metal , safe haven , tariffs , trade

Next In Business News

Aemulus wins RM10.5mil order, marks debut in India
ICT Zone Asia secures RM24.5mil ICT hardware purchase order
FBM KLCI remains steady amid choppy trading
China's yuan edges down as dollar gains; investors watch Iran war talks
MTT Shipping and Logistics targets RM652.5mil IPO to fund fleet expansion
Trump's tariffs had little impact on GDP in 2025, but raised revenue, academic paper finds
Oil prices climb as investors reassess Middle East ceasefire prospects
Lynas to develop rare earths metal production plant in Vietnam
Kenanga sees value in Astro, TA Securities issues sell call
FBM KLCI sees choppy trading in early session

Others Also Read