Gold Gains as Tariffs Stoke Economic Fears and Dollar Drops
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Gold rose after last week’s sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners.
Bullion traded above $2,890 an ounce on Monday, while a gauge of the dollar’s strength against a basket of currencies fell. Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China.