
Gold Prices Rise Amid Tariff Tensions
Gold prices saw a slight increase due to new tariffs imposed by President Trump, but a strong dollar limited gains. Spot gold rose to $3,332.73 per ounce, while the Indian rupee fell to ₹85.89 against the US dollar. Trump’s tariffs, especially a significant 35% on Canadian imports, raised concerns globally, impacting investor sentiment. Despite these tensions, India is progressing towards a trade agreement with the US, aiming for an interim deal by September or October. Ongoing negotiations focus on key sectors like agriculture and automobiles, reflecting India's proactive approach amidst global trade challenges.