Gold prices climbed 1% to a one-week high on Friday as investors rushed towards safe-haven assets after U.S. President Donald Trump widened the global trade war with an announcement of new tariffs. Spot gold was up 1% to $3,

The global trade war continues as Trump announces a 35% tariff on Canadian goods starting August 1. Gold prices rose amid trade uncertainties, with experts recommending investments in gold and silver despite a strong US dollar limiting gains.

The White House has been in spike-the-football mode since Donald Trump signed his sweeping tax and domestic policy agenda into law. But the jubilation was interrupted Tuesday as the president and his Cabinet members faced questions on the administration’s trade policy and response to deadly Texas floods.

Gold prices rose for a third straight session on Friday, as U.S. President Donald Trump's announcement of new tariffs on Canada and broader tariff threats against other trading partners lifted demand for the safe-haven asset.

Gold dropped as investors parsed President Donald Trump’s decision to delay the start of increased duties on several trading partners, while insisting the new deadline is final.

That makes Trump’s claim “he who has the gold makes the rules” feel like more than just a negotiating mantra. It’s also a reminder of gold’s enduring appeal in times of crisis. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, recently highlighted gold’s purpose in a resilient portfolio.

The president and his aides have exaggerated the likelihood that the program can be implemented and have made no effort to introduce legislation that would be needed.

President Donald Trump ended Tuesday's cabinet meeting with an in-depth breakdown of the White House decor and the meaning behind his design choices. The post Trump Raves About White House Redecoration During Cabinet Meeting: ‘Never Found a Paint that Looks Like Gold’ first appeared on Mediaite.

Gold edges higher as Trump tariffs fuel inflation fears. Traders await Fed clarity to confirm a gold price breakout above key resistance.