Gold price today: Gold rates rose during the morning session of trade in the domestic futures market on Tuesday, January 7, amid a decline in the US dollar, driven by expectations of softer tariffs under the incoming Donald Trump administration.
According to Reuters, the US dollar traded near its one-week low level amid growing chatter that President-elect Donald Trump’s tariffs would be less aggressive than promised during election campaigns.
According to a Washington Post report on Monday, Trump’s aides were evaluating tariff strategies targeting specific sectors considered vital to national or economic security, with the measures applied universally to all countries.
However, according to Reuters, Trump denied this report, creating much uncertainty about future US trade policies.
