In his characteristic style of unveiling executive orders, US President Donald Trump announced via social media that gold will not face tariffs, offering much-needed reassurance to bullion markets. In a post on Truth Social,

As you have probably heard, they have tremendous tariffs that they're paying to the United States of America," Trump said at a news conference at the White House. "They've been dealing quite nicely," he said,

Donald Trump has extended a trade war truce with China for another 90 days, two US officials have said, just hours before his Tuesday deadline to steepen tariffs on the world’s biggest exporter. The US president’s move was widely expected because his government has been reluctant to reignite the fierce trade conflict with Beijing that rattled markets in April when US levies on Chinese imports rose up to 145 per cent.