Story perspectives
Trump Tariffs Spark Gold Surge Amid Market Turmoil
2/10/2025
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Story summary
- President Trump implemented 25% tariffs on steel and aluminum, raising market uncertainty and affecting cryptocurrencies like Ethereum (ETH).
- Gold prices rose to nearly $2,895 per ounce as investors turned to safe-haven assets amid trade tensions.
- China's central bank increased gold holdings, though consumer demand declined due to elevated prices.
- Attention now turns to upcoming Federal Reserve meetings, anticipating potential changes in monetary policy.
