Gold and Silver Surge to Records, Buoyed by Concerns Over Tariffs, U.S. Shutdown
Tariff threats and a possible U.S. government shutdown drew investors to silver and gold, with both precious metals surging to new highs on Monday.Investors raced for safety after President Trump said on Saturday he would put 100% tariffs on Canada if Prime Minister Mark Carney struck a trade deal with China. Also rattling traders are fears of a government shutdown after the deadly shooting in Minneapolis over the weekend led Senate Democrats to demand changes to homeland-security provisions in a government funding package.The price of gold, a haven for nervous investors, rose 2.1% to $5,079.70 a troy ounce Monday to its seventh all-time high this year, extending a rally that has been fueled in part by concerns about the outlook for the U.S. dollar and other major currencies."There are some elements that are concerning, but ultimately we expect that the market will manage through it a
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