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Business / World Business

Gold prices climb on US tariff threat

Published: 02 Jun 2025 - 08:47 pm | Last Updated: 02 Jun 2025 - 08:52 pm
File photo

File photo

QNA

Singapore: Gold prices climbed on Monday as US President Donald Trump's fresh threat to double tariffs on imported steel and aluminum prompted investors to seek refuge in safe-haven bullion.

Spot gold was up 0.6% at $33309.89 an ounce.

US gold futures rose 0.6% to $3,333.30.

The US dollar edged 0.1% lower, making bullion less expensive for overseas buyers.

Elsewhere, spot silver rose 0.2% to $33.04 an ounce, platinum was down 0.2% at $1,054.28, and palladium was steady at $970.79.