Gold climbs sharply as trump’s latest tariff threat shakes markets


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The price of gold was climbing sharply as investors digested President Donald Trump’s social media post Friday threatening a 50% tariff on the European Union. Futures contracts for gold were


up 1.7% at around $3,352 an ounce, according to FactSet data, at last check. Gold has surged to record highs this year, with many investors viewing it as a safe haven in times of turmoil.


SPDR Gold Shares, an exchange-traded fund that buys the yellow metal, has skyrocketed 25% this year through Thursday.