Tariff concerns boosted demand for safe havens, and gold prices rose sharply on Monday
2025-06-02 07:21:22
Gold rallied 2 percent on Monday as investors turned to the safe-haven metal amid escalating conflict between Russia and Ukraine and renewed threats by US President Donald Trump to double tariffs on imported steel and aluminium. Trump said on Friday he planned to raise tariffs on imported steel and aluminium to 50 percent from 25 percent local time, prompting the European Union Commission to warn that Europe was prepared to retaliate. Tim Waterer, chief market analyst at KCM trade, said: "With trade and geopolitical concerns resurfacing, it is not surprising that gold prices are opening higher this week." The second round of peace talks in Istanbul follows an escalation of hostilities between Ukraine and Russia, with a wave of attacks from both sides, including one of Ukraine's most audacious attacks in the conflict, as well as an overnight Russian drone attack. "Risk assets opened lower this week and the falling dollar also supported gold prices," Waterer said.
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英国5月Nationwide房价指数月率 0.5%，预期0.1%，前值-0.60%。
