FIFA, Trump
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When NATO Secretary General Mark Rutte visited the White House on Monday, he was greeted not only by President Donald Trump but also by the striking sight of a fully gilded Oval Office.
Anuj Gupta, Director, Ya Wealth Research & Advisory, says that safe haven demand against uncertainty provide support to the gold prices.
Gold prices rose more than 1% on Friday as investors sought safe-haven assets following U.S. President Donald Trump's announcement of new tariffs, while silver reached its highest level in over 13 years.
The president and his aides have exaggerated the likelihood that the program can be implemented and have made no effort to introduce legislation that would be needed.
Gold steadied following a modest drop on Monday after President Donald Trump said he was open to more tariff negotiations with major economies including the European Union.Bullion was near $3,347 an ounce after dropping 0.
Gold prices are climbing amidst trade war tensions fueled by President Trump's tariffs on various economies and threats against Russia. Silver prices have surged to record highs due to strong ETF inflows and tight market conditions.
By Anmol Choubey (Reuters) -Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners, but gains were capped by a stronger dollar amid mounting signs of turmoil in global trade landscape.
When English soccer team Chelsea lifted the FIFA Club World Cup trophy on Sunday in New Jersey, its star who scored twice in the 3-0 victory over Paris Saint-Germain and was named player of the tournament was blocked from view.