Mumbai, July 14 -- COMEX Gold futures are holding around one-week high of $3370 per ounce as global trade concerns kept the metal supported. The counter added around 2.50% for the last week. The US President Donald Trump announced a 35% tariff on Canadian imports and also talked about blanket tariffs of 15% to 20% on most of America's trading partners and announced plans to make a 'major statement' on Russia. This kicked in safe-haven demand for Gold and the metal rose despite the strength in the US dollar index. COMEX Silver futures also spiked above $39 per barrel to hit around 14-year highs as sentiments stayed well supported for the metal despite a muted action in Gold and Copper. Over the weekend, the global tariff uncertainty escalate...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.