Trump also indicated he was still considering a universal tariff on all imports to the US, but said he was “not ready for that yet.”
Gold rose after US President Donald Trump announced he would likely impose tariffs on Mexico and Canada early next month, even as he held off from immediately hitting China with import levies.
Bullion added to a modest gain on Monday to trade near US$2,725 ($3,700) an ounce- on course for the highest close since early November- as traders weighed the potential implications of US tariffs of as much as 25% against its neighbors. If enacted, the move threatens to spark a trade war.
