Trade tensions between the United States and Canada are increasing as negotiations struggle to produce an agreement. Washington continues to threaten higher tariffs, while Ottawa is showing little willingness to make major concessions in strategically important sectors.
Gold reached around $4,650 and silver traded above $69, supported by dollar weakness, US fiscal concerns, and lower yields.
Japan’s 10-year yield rose to 2.89%, with the probability of a September BOJ hike jumping to 82% from 23% before July’s meeting.
US-Canada Tariff Tensions Rise
Precious Metals Push Higher (24-28 August)
