India, Aug. 1 -- Gold prices shot higher on Friday as demand for the safe-haven metal increased, while stock markets felt the heat of the new tariff regime kickstarted by the US President, who added new levies on nearly 70 countries.
Front Month Comex Gold for August delivery surged $54.50 (or 1.65%) to $3347.70 per troy ounce today. Gold gained $12.10 (or 0.36%) this week.
Front Month Comex Silver for August delivery rose by 23.50 cents (or 0.64%) to $36.787 per troy ounce today. Silver lost $1.4030 (or 3.67%) this week.
Today, US President Donald Trump signed an executive order and thereby swiftly hit around 69 trading partners of the US with new tariffs, with the imposition set to go into effect in a week's time.
The delay is to give...