If the USA imposes extra tariffs on China, the price of gold will also increase. Has anyone thought about this? Because China produces the most gold in the worldโaround 12% of the world's gold comes from China.
Anonymous 3
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If China faces more costs, it could lead to a reduction in supply, pushing prices up.
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๐จTrump Tariffs are actually Impacting The Market Badly But Gold Might Be Still Shining!!!
How?
- Tariffs lead to inflation, and gold preserves purchasing power.
- Tariffs weaken currencies, making gold more expensive and driving up demand.
- Tarif
