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1 week ago | 
detroitnews.com | Yihui Xie |Yvonne Li |Jack Ryan
Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war. Bullion gained as much as 2.7% on Wednesday to climb above $3,300 an ounce for the first time, surpassing the previous record set on Monday.
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1 week ago | 
thewest.com.au | Yihui Xie |Yvonne Li
Gold rose to a record high as US President Donald Trump ordered a probe that could open up a new front in the global war, sparking another retreat from equities and a move toward haven assets. Bullion gained as much as 1.4 per cent on Wednesday to climb above $US3275 ($5160) an ounce for the first time, surpassing the previous all-time peak set on Monday.
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1 week ago | 
bloomberg.com | Yihui Xie |Yvonne Li |Jack Ryan
(Bloomberg) -- Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war. Bullion gained as much as 3.2% on Wednesday to climb above $3,300 an ounce for the first time, surpassing the previous record set on Monday.
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1 week ago | 
flipboard.com | Yihui Xie |Yvonne Li
1 day agoNew York CNN — It’s no secret that since the Supreme Court’s decision in the Citizens United v. FEC, deep-pocketed donors and super PACS have poured money, and influence, into politics. Regarding the uber-wealthy people who have entered positions of power in the country in an interview with CNN’s …
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1 week ago | 
sg.news.yahoo.com | Yihui Xie |Yvonne Li
Goldman Sachs Group Inc has forecast that prices will rally to US$4,000 an ounce by mid-2026Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens. Bullion climbed above US$3,248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. US President Donald Trump on Tuesday went ahead with investigations into the need for levies on critical minerals.
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1 week ago | 
ca.finance.yahoo.com | Jack Farchy |Julian Luk |Yvonne Li
If the US goes down the export curb route, that’ll lead to a tighter scrap market, and in turn more pressure on Chinese smelters, said Ryan McKay, senior commodity strategist at TD Securities. “Generally it would lead to tighter refined supply and drawing inventory.”While several responses called for the US to impose restrictions on exports of copper scrap, and in some cases copper concentrates, many urged the administration not to place import tariffs on copper metal.
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1 week ago | 
bloomberg.com | Jack Farchy |Julian Luk |Yvonne Li
The US is the world’s largest exporter of copper scrap. (Bloomberg) -- Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production.
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1 week ago | 
bloomberg.com | Yihui Xie |Yvonne Li
One kilogram and five hundred gram gold bars at Gold Investments Ltd. bullion dealers arranged in London, UK, on Thursday, April 3, 2025. Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping “reciprocal” tariffs.
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2 weeks ago | 
bloomberg.com | Ainsley Thomson |Yvonne Li |Isabelle Lee
The more volatile the world gets, the better gold tends to do. That old investing maxim is especially compelling as trade tensions upend the global economy. For investors wanting to batten down the hatches of their portfolio, gold looks like a lighthouse amid market chaos. After setting records in 2024 and 2025, gold surged past $3,100 an ounce on March 31, a new all-time high. Banks are forecasting it may climb even higher in the months ahead.
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3 weeks ago | 
financialpost.com | Robert Tuttle |Ilena Peng |Michelle Ma |Yvonne Li
There was also an important carve-out for commodities from Canada and Mexico. Here’s a round-up of the initial impact of Wednesday’s big announcement. Following Trump’s appearance, the White House issued a fact sheet that said steel, aluminum, gold and copper imports won’t be subject to reciprocal tariffs, providing at least some relief to domestic buyers who are already bearing the cost of Section 232 tariffs of 25% on all imports of the key metals.
