Washington
Gold prices stabilized today near their all-time high, supported by concerns over U.S. President Donald Trump’s tariff plans, while attention shifted to an important inflation report in the United States scheduled to be released later this week.
Gold remained steady in spot transactions at $2,934.82 per ounce, while U.S. gold futures fell by 0.1% to $2,950.10.
Gold reached an all-time high of $2,954.69 last Thursday.
This comes in the wake of additional tariffs, including a 10% tax on Chinese imports and a 25% tariff on steel and aluminum.
Traders are closely monitoring the trajectory of interest rates in the United States, as the President’s policies are viewed as inflationary, and rising inflation could prompt the Federal Reserve to maintain high interest rates, which would reduce the appeal of non-yielding gold.
As for other precious metals, silver fell by 0.1% to $32.58 per ounce, while platinum rose by 0.7% to $976.25, and palladium increased by 0.4% to $972.93.
