Gold Rises as Dollar Weakens Amid Trade Negotiation Focus

Gold prices climbed today, supported by a slight dip in the dollar and bond yields. Investors are keenly watching the latest developments in trade talks as U.S. President Donald Trump amps up his tariff strategies.

In spot transactions, gold rose by 0.3 percent, reaching 3322.46 dollars per ounce by 0157 GMT. U.S. gold futures also increased, climbing 0.3 percent to hit 3331 dollars per ounce.

On Wednesday, Trump expanded his tariff campaign, introducing new tariffs of 50 percent on copper imports and similar charges on goods from Brazil, both starting on August 1.

Other precious metals also saw movements. Silver in spot trading went up by 0.2 percent to 36.41 dollars per ounce. In contrast, platinum fell by 0.3 percent to 1343.22 dollars, while palladium increased by 0.1 percent to 1106.25 dollars.