India, Aug. 7 -- Gold prices rose on safe-haven demand on Thursday, triggered by increased hopes for rate cuts, US dollar weakness following the weaker jobs data, along with the market uncertainty created by the pressure tactics exerted by the US by constantly altering tariffs.
Front Month Comex Gold for August delivery closed up by $20.30 (or 0.60%) at $3,400.30 per troy ounce today.
Front Month Comex Silver for August delivery jumped 39.29 cents (or 1.04%) to $38.158 per troy ounce today.
The sweeping new tariffs imposed by US President Donald Trump on imports into the US from a vast majority of its trading partners take effect beginning today.
Apart from the tariffs, Trump is pushing the pedal harder on "penalty" tariffs that he had ...