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Gold gains as Trump imposes fresh tariffs
Business World Philippines
|July 14, 2025
GOLD PRICES rose more than 1% on Friday as investors sought safe-haven assets following US President Donald J. Trump’s announcement of new tariffs, while silver reached its highest level in over 13 years.
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Spot gold gained 1% to $3,356.93 per ounce by 2:43 p.m. EDT (1843 GMT), after touching its highest level since June 24 earlier in the session. US gold futures closed up 1.4% at $3,371.20.
Global stocks fell after Mr. Trump ramped up his tariff assault on Canada, saying the US would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
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