Australia Judo Bank Manufacturing PMI: 50.2 (January) vs 49.8

Jan 31, 2025

Gold hovers near all-time highs as tariff confusion sparks market jitters

Gold price trades near all-time highs above $2,800 on Friday as market participants turn risk-averse after the White House corrected earlier reports from Reuters that the United States (US) would not impose tariffs on Canada and Mexico on February 1 and instead would do it on March 1.

US President Donald Trump initiates trade war, signing order hitting Canada, Mexico and China

On Saturday, Canada was notified that the United States will place 25% tariffs on Canada and Mexico while China will be hit with 10% tariffs.