Gold Sinks as Trade Tensions Escalate Amid Tech Sector Gains
International gold and silver prices closed mixed on Tuesday.
On the New York Mercantile Exchange, gold futures for December delivery edged down 0.07 percent to settle at $4,694.50 per ounce, while silver futures for September delivery rose 0.13 percent to close at $68.682 per ounce.
The Canadian government announced retaliatory tariffs targeting approximately $20 billion in annual imports from the United States, alongside financial relief measures for affected domestic businesses and workers.