Gold Rises Amid Anticipation of New US Tariffs


https://www.saba.ye/en/news3492411.htm

Yemen News Agency SABA
Gold Rises Amid Anticipation of New US Tariffs
[02/ June/2025]

Singapore - Saba:

Gold prices jumped on Monday amid anticipation of a doubling of US tariffs on steel and aluminum imports, while a weaker dollar supported the US-denominated precious metal.

Spot gold rose 0.6 percent to $3,309.89 per ounce, and US gold futures rose 0.6 percent to $3,333.30. The dollar index fell 0.1 percent, making gold less expensive for holders of other currencies.

Among other precious metals, spot silver rose 0.2 percent to $33.04 per ounce, platinum fell 0.2 percent to $1,054.28, and palladium held steady at $970.79.