Gold prices jumped today, Monday, following U.S. President Donald Trump’s threat to double tariffs on steel and aluminum imports, while the weakening of the dollar supported the precious metal, which is priced in U.S. dollars.
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According to the Bloomberg economic news agency, spot gold rose by 0.6% to reach $3,309.89 per ounce, while U.S. gold futures also increased by 0.6%, closing at $3,333.30.
As for other metals, spot silver rose by 0.2% to $33.04 per ounce, while platinum dropped by 0.2% to $1,054.28. Palladium remained steady at $970.79.
— Petra