The newly elected president has not provided any specific details about the universal tariffs or extra surcharges on key trade partners.

Prices of safe-haven gold rose to a near three-month high on Wednesday, boosted by uncertainty surrounding U.S. President Trump's policies and a softer dollar.

Gold prices surged to an 11-week peak on January 22, 2025, as safe-haven demand gained momentum amid uncertainty over U.S. President Donald Trump’s aggressive trade policies. A softer dollar further bolstered the metal’s appeal,

Gold prices soared to near three-month highs on Wednesday, trading below its record peak, fuelled by a soft dollar and lack of clarity around U.S. President Donald Trump's policy plans, which investors fear could trigger trade wars and elevate market volatility.

Gold prices have climbed to an 11-week peak, with spot gold rising 0.3% to $2,751.89 per ounce, nearing the record high of $2,790.15 set in October last year. This increase is attributed to a weaker dollar and market uncertainties surrounding President Donald Trump's second-term policy plans,

Gold prices surged to over a two-month high on Tuesday as the U.S. dollar weakened, with the precious metal also supported by buying amid uncertainty surrounding Donald Trump's trade policies. Spot gold climbed 0.