4 February 2025
Gold remains near its record high of $2,830 per ounce as new US tariffs on Chinese goods and Beijing’s retaliatory measures heighten economic uncertainty. China’s counter-actions include imposing levies on US products and launching an antitrust investigation into Google. The trade conflict has disrupted precious metals markets, with US gold and silver prices surging above international benchmarks as traders rush to move metals before potential tariff implementation.