US gold futures surge to record high after Trump tariff blindsides global market
Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn
Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

President’s intervention comes after shock plan to hit bullion with duties triggered price surge

Dollar dips after US president imposes 15% duty following Supreme Court decision to strike down previous policy

Frequent changes to levies make it difficult to predict how trade of the metals would be affected

Industry body says geopolitical instability and weakening confidence in the dollar will continue to support demand

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

President’s attack on US central bank will erode dollar’s reserve status and extend precious metal’s rally, say analysts