Both precious metals hit all-time highs as investors pile into safe-haven assets amid Donald Trump’s threat of 100% tariffs on Canada and shutdown fears
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Gold has soared past $5,100 an ounce, as investors pile into safe-haven assets amid Donald Trump’s threat of new tariffs on Canada and fears of another government shutdown in the US.
Trump threatened Canada with 100% tariffs if America’s northern neighbour “makes a deal with China”, and after the US president’s dramatic showdown with Europe over the future of Greenland.
There is also a risk that the US government could shut down for the second time in months, after Democrats threatened funding for the Department of Homeland Security in the wake of the weekend shooting of a man in Minneapolis by federal immigration agents.
