India, July 8 -- Gold moved modestly lower on Tuesday as investors continued to assess the impact of aggressive US trade levies on its trading partners.
Front Month Comex Gold for July delivery fell $25.20 (or 0.76%) to $3,307.00 per troy ounce today.
Front Month Comex Silver for July delivery lost 14.30 cents (or 0.39%) to $36.472 per troy ounce today.
Trump has announced new tariffs for 14 nations including Japan and South Korea. These levies (ranging from 25% to 40%) take effect beginning August 1, giving around a month's time for these countries to negotiate.
Softening his stance, Trump indicated willingness to reduce the levies if these countries revised their policies. Hence, the final tariffs shall be known only after three to fo...