India, Aug. 4 -- Gold jumped on Monday as concerns about the impact of high tariffs imposed by the US on its major trading partners intensify.
Front Month Comex Gold for August delivery advanced by $26.70 (or 0.80%) to $3,374.40 per troy ounce.
Front Month Comex Silver for August delivery gained by 40.50 cents (or 1.10%) to $37.192 per troy ounce today.
With the suspension period for "reciprocal tariffs" set by the US President Donald Trump ending last Friday, many major trading partners were hit with high tariffs - a whopping 35% for many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan, and 39% for Switzerland.
All these nations are engaged in discussions with the US to trim Trump's high levies and strike a fair trade ...