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Indonesia News Portal for Traders | Financial & Business Updates

21 January 2025 14:40  |

Gold Rises as Trump Sticks to Mexico, Canada Tariff Plans

Gold rose after U.S. President Donald Trump said he would likely impose tariffs on Mexico and Canada early next month, though he refrained from directly hitting China with import levies.

Bullion gained modestly on Monday and traded near $2,725 an ounce — heading for its highest close since early November — as traders weighed the potential implications of U.S. tariffs of up to 25% on its neighbors. If enacted, the move threatens to trigger a trade war.

Source: Bloomberg

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