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Gold Rallies 3% as Trump-China Tariff War Shakes Global Markets

Gold rallied as much as 3%, reaching $3,073.04 before settling at $3,066.69 an ounce, as global markets reacted to President Trump’s extensive new tariff policies and China’s immediate countermeasures.

The precious metal’s rebound came amid a surprising selloff of US Treasury bonds—typically considered safe-haven assets—indicating heightened investor anxiety.

Trump has imposed tariffs on approximately 60 trading partners, with China facing a particularly steep 104% tariff, to which China responded with 84% tariffs on US goods.

Original Source: Bloomberg

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