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Gold futures rise to new high after reports Trump has imposed tariffs on one-kilo bars – business live

The GuardianFriday, August 8, 2025 at 7:38:14 AM
NegativeFinancial MarketsMarkets
Gold futures rise to new high after reports Trump has imposed tariffs on one-kilo bars – business live
Gold futures have hit a new high following reports that former President Donald Trump imposed tariffs on one-kilo gold bars, adding to market volatility. Meanwhile, oil prices are set for their worst weekly decline since June due to geopolitical uncertainty around potential Trump-Putin talks and ongoing US tariffs, with Brent crude dropping to $66.36.
Editor’s Note: This story matters because it shows how political decisions—like tariffs and high-stakes diplomacy—can send shockwaves through global markets. Rising gold prices suggest investors are seeking safe havens, while falling oil reflects worries about economic growth. If you're tracking investments or just curious about how politics moves money, this is a key moment to watch.
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