-
A worker cleans gold bars at South Africa’s Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017.
1 minute
Gold prices have surged due to increased demand for safe haven assets, amid growing trade tensions and economic uncertainty.
President Donald Trump recently imposed sweeping tariffs on all steel and aluminum imports into the US and signaled fresh reciprocal tariffs this week.
Hamas’ suspension of the release of Israeli detainees, alleging Israeli ceasefire violations in Gaza, has increased geo-political risks and the likelihood of a new battle.
Meanwhile, expectations of looser monetary policy are supporting non-yielding gold.
US Election I Impact of Trump’s triumph on markets, SA’s economic fortunes: Justiné Brophy
