Washington, July 12 (BNA): Gold prices ended the week at $3,355 per ounce, supported by escalating global trade tensions and the recent US decision to impose new tariffs.

 The market saw sharp fluctuations throughout the week, with gold falling to $3,300 per ounce at the start of trading due to trade threats before recovering to $3,355. Despite the US Federal Reserve maintaining its tight monetary policy and resisting interest rate cuts, gold retained its appeal as a safe haven.

 The imposition of a 50% US tariff on copper contributed to the gold rally by causing disruptions in industrial metal markets, which in turn increased demand for gold. Volatility in copper prices also indirectly affected other metals, such as silver, further supporting gold’s momentum.

 M.A.