Gold prices end in green amid renewed trade tensions

26/02/2025 Argaam
Gold bars

Gold bars 

Gold prices finished in the green today, Feb. 26, amid renewed trade tensions after US President Donald Trump imposed new tariffs on some trade partners.

 

Gold futures for April delivery inched up by 0.4%, or $11.80, to close at $2,930.60 per ounce.

 

This came as the US dollar index, which measures the greenback’s performance against a basket of six major currencies, climbed by 0.1% to 106.43 points at 10:46 pm Makkah time.

 

Trump's stated plan of imposing a 25% tariff on exports from the European Union to the US would result in a serious trade conflict, Norway's Prime Minister Jonas Gahr Store told NTB earlier today.

 

This came after Trump ordered an investigation on Tuesday into possible new tariffs on copper imports to support US production of the metal, which is key for electric cars, military equipment, power grids and many consumer goods.

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