Gold is showing strength, hitting a fresh record high as trade war worries bolster demand and the potential for tariffs reigniting inflation adds to its appeal.
Another week, another record high for gold prices. Gold is rising because of fear of tariffs and escalating trade tensions between the U.S. and China, and just about anybody.
Gold and silver will rise and/or remain firm after Trump says that he will introduce a new 25% tariff on all steel and aluminum imported to the USA, on top of existing metals duties.