India, June 12 -- Gold climbed higher on Thursday amid renewed threats of a tariff war, simmering US-Iran geopolitical tensions, and softer US jobs data.
Front Month Comex Gold for June delivery gained $59.60, or 1.8 percent, to $3,380.90 per troy ounce today. This is the fifth highest close in gold price history.
Front Month Comex Silver for June delivery gained 4.70 cents, or 0.1 percent, to $36.213 today.
In a significant development yesterday, US President Donald Trump said that, in the coming weeks, he is going to send letters to nations trading with US, setting unilateral tariffs even ahead of the July 9 deadline he had already set for negotiations.
Adding to geopolitical tension, the US has begun evacuating non-essential staff fr...