Gold prices saw an increase following President Trump’s announcement of new tariffs. The United States will impose a 35% tariff on imports from Canada next month. A 50% tariff on U.S. copper imports and goods from Brazil is also effective August 1. The U.S. dollar’s strength limited gold’s gains. Weekly jobless claims in the U.S. unexpectedly fell.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets