India, April 9 -- Gold prices regained strength on Wednesday as higher U.S. tariffs on 60 countries which President Donald Trump deems the "worst offenders" have come into effect and the dollar weakened on fears of a potential U.S. recession.
Spot gold jumped a little over 2 percent to $3,044.52 per ounce in early European trade, while U.S. gold futures were up 2.4 percent at $3,062.66.
The latest set of U.S. tariffs, including a massive 104 percent levy on Chinese imports, take effect today, leaving investors worried about the impact on inflation, interest rates and global growth.
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France's President Em...