Gold prices reach record high due to trade war fears from potential tariffs on Canada and Mexico

From Investing.com: 2025-01-31 06:39:00

Gold prices are on the rise, nearing $2,800, as fears of a trade war escalation persist. Trump threatens tariffs on Mexico and Canada. Dollar and yen see gains due to safety flows and policy divergence. Apple beats earnings, potentially helping Wall Street recover losses. Gold enters uncharted territory amid looming tariffs. The Loonie and Peso struggle against the US dollar. Dollar and yen strengthen as safe havens. AI concerns and tech earnings impact US stocks, with Nvidia and Microsoft facing challenges. Apple’s positive earnings report boosts hopes for the tech sector.



Read more at Investing.com: Gold Hits Record High as Canada and Mexico Brace for Trump’s Tariffs