Gold Prices Surge as US Tariff Concerns Rise

Cairo: Gold prices climbed on Monday as US President Donald Trump's fresh threat to double tariffs on imported steel and aluminum prompted investors to seek refuge in safe-haven bullion. Spot gold was up 0.6% at $33,309.89 an ounce.

According to Qatar News Agency, US gold futures rose 0.6% to $3,333.30. The US dollar edged 0.1% lower, making bullion less expensive for overseas buyers.

Elsewhere, spot silver rose 0.2% to $33.04 an ounce, platinum was down 0.2% at $1,054.28, and palladium was steady at $970.79.