Published: 08-01-2025, 09:35 am | Updated: 08-01-2025, 08:54 am
Gold gained 0.6 % to around $3,294.56/oz as traders sought protection before Trump’s Aug 1 deadline for higher tariffs.
Spot silver, platinum and palladium hit multi‑week lows, underscoring the broader market’s caution.
The president extended the U.S.–Mexico trade deal by 90 days and announced multiple tariff hikes on other countries.
June inflation climbed 0.3 % as import duties raised consumer prices, while the Federal Reserve held rates steady and signaled no immediate cuts.





