Gold Rises as Traders Weigh Tariff Risks and Middle East Tension [Yahoo! Finance Canada]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance Canada
Bullion climbed as much as 1.3% on Wednesday, clawing back losses from a 1.6% decline in the previous session. A lack of clarity over US trade policy has supported the metal in recent sessions, as well as tensions over an American military buildup ahead of the next round of nuclear talks with Iran this week. Most Read from Bloomberg Gold has found a footing above $5,000 an ounce, having recovered more than half of the losses sustained during a historic two-day rout at the turn of the month. “It seems a breakout to the upside is in the making,” said Yuxuan Tang, head of macro strategy for Asia at JP Morgan Private Bank. Tariff uncertainty and Iran risk are among the factors that “may prove sufficient to catalyze a more sustained shift,” she said. In the US, Donald Trump's broad-based 10% import levy came into effect Tuesday, after a Supreme Court ruling struck down his earlier reciprocal tariff regime. While the president subsequently threatened to raise the number to 15%, he
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