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Tariff Chaos Propels Gold to Biggest Daily Gain Since 2022

Gold prices surged, coming close to last week’s all-time high after posting its largest one-day gain (+3.3%) in 18 months.

The rally was triggered by market uncertainty following President Trump’s confusing tariff announcements.

After initially implementing tariffs on 60 trading partners, Trump announced a 90-day pause for 56 countries and the EU, while simultaneously raising duties on China to 125%.

This volatility, combined with a weakening dollar and expectations of Federal Reserve easing, has supported gold’s 19% rise this year.

Original Source: Bloomberg

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