🚨❗Gold prices have exceeded $3400 per ounce for the first time since May 8.
📊 The price of the August gold contract on CME rose by 2.59% and peaked at $3401.3 per ounce.
Gold futures are rising amid increasing demand for safe-haven assets, writes The Wall Street Journal. The market is supported by U.S. President Donald Trump's promise to double import tariffs on steel and aluminum to 50% starting Wednesday, as well as the exchange of accusations between the U.S. and China regarding the failure to comply with the provisions of the May deal on temporary tariff suspension.
