Spot Gold Tops $3,280 as Investors Await More Details on US Tariff Policy

Tiger Newspress

20 May

Gold prices eked out gains on Tuesday, buoyed by a lower dollar, while investors cautiously turned their attention to further developments in Russia-Ukraine peace talks and U.S. tariff policy.

Spot gold was up 1.5% at $3,280 an ounce as of 8:40 a.m. ET. U.S. gold futures gained 1.6% to $3,286.60.

President Donald Trump on Tuesday warned House Republicans, “Don’t f--- around with Medicaid,” as he pressed them to pass a major tax bill, a source told CNBC.

Trump’s blunt message came during a visit to Capitol Hill.

Movement on the bill has been hampered by a small number of Trump’s fellow Republicans in the House of Representatives.

Gold and silver stocks rose in morning trading. Pan American Silver

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