Gold price hits three-week high as Trump tariff deadline nears; Fed and data next
Gold jumped over 2% Monday to $5,206.39 an ounce, reaching a three-week high as traders reacted to new U.S. tariffs and a weaker dollar. U.S. gold futures settled 2.8% higher at $5,225.60. The new 15% import duty takes effect Tuesday after the Supreme Court struck down Trump’s earlier tariffs. Silver rose 3.2% to $87.23, while platinum and palladium moved in opposite directions.