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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 16, 2025
Page
11
Gold hits fresh highs with spot prices near 2994 to 3000 per troy ounce as tariffs and trade tensions boost demand. Analysts note volatility and rising inflation risk while central banks show strong gold buying and market uncertainty fuels safe haven flows.
Canada faces market turmoil as Trump escalates a trade war with 25% tariffs on Canada and Mexico. The S&P/TSX composite fell about 5% since Jan 31, with the financial sector down 8.6, industrial 7.4, and energy 5.4. U.S. inflation fears persist despite rate cuts. The Bank of Canada already trimmed rates to 2.75% in seven straight cuts.
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