India, July 9 -- Gold price rose on Wednesday as new, large-scale US tariff threats start emerging.
Front Month Comex Gold for July delivery gained $4.60 (or 0.14%) to $3,311.60 per troy ounce today.
Front Month Comex Silver for July delivery lost 12.10 cents (or 0.33%) to $36.351 per troy ounce today.
On the trade front, the US government has sent out letters highlighting new tariffs (ranging from 25% to 40%) to its trading partners and is set to send seven more letters today.
As the US President Donald Trump has made it clear that he will not extend the August 1 deadline for trade deals, India is seriously negotiating a trade agreement with the US. EU officials are also holding talks with US counterparts to find ways to strike a balan...