Trump's tariffs escalate global trade tensions, driving up gold prices as investors seek safe-haven assets.
On Wednesday, Trump announced a plan to impose a 25% tariff on imported cars and trucks, set to take effect on April 3, while tariffs on auto parts are scheduled to begin on May 3.
Trump's tariff measures have raised concerns about a potential trade war, which could lead to an economic recession. Although recent economic data still indicate that the U.S. economy remains in good condition, concerns over tariffs have pressured government bond yields.
Source: Fxstreet