Donald Trump levies reciprocal tariffs: Gold, silver bullion among top 50 exempt items. Full list here

Donald Trump levies reciprocal tariffs: Gold, silver bullion among top 50 exempt items. Full list here

US President Donald Trump announced reciprocal tariffs on India, China, and several other countries in the wee hours of Thursday morning, sending the global markets into a tizzy. While announcing the tariffs, the White House said that the non-tariff barriers also deprive the American manufacturers of reciprocal access to markets globally. 

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Gold hedging position strengthened due to inflation fears

Trump’s tariff plans and their potential economic fallout are driving gold’s strength as a safe-haven asset, with prices reaching record highs. Market uncertainty fueled by steel, aluminum, and Chinese import tariffs, coupled with declining US consumer sentiment and rising inflation expectations, has bolstered gold’s appeal.

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