Gold Rises as Trump Tariff Deadline Looms, US Inflation Picks Up

Gold rose ahead of President Donald Trump’s tariff deadline and as the Federal Reserve’s preferred measure of underlying inflation accelerated in June to one of the fastest paces this year.

Bullion climbed 0.5%, reversing come of the previous session’s losses, to trade near $3,291 an ounce as of 3:30 p.m. in New York.

Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. The levies come as the Fed’s preferred measure of inflation, the so-called core personal consumption expenditures price index which excludes food and energy ...