Gold prices surged past $2,727.19 per ounce, hitting a 10-week high as the U.S. dollar weakened amid investor uncertainty surrounding Donald Trump's tariff policies. Market sentiment turned cautious after Trump hinted at potential 25% tariffs on imports from Canada and Mexico, driving investors toward gold as a safe-haven asset. Analysts suggest that ongoing inflation concerns and trade policy uncertainties could keep gold prices elevated in the near term.
Source: Reuters