The trade war between the United States and Canada has intensified with the imposition of new tariffs on critical metals such as steel, aluminum, and copper. These tariffs, ranging from 15% to 50% depending on the products, could disrupt cross-border flows and increase production costs. While critical minerals are exempt from some specific tariffs, the metals sector remains significantly affected. This situation could impact the gold market, with investors viewing the precious metal as a hedge against inflation and rising production costs.
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