Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’ - KITCO
Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’ - KITCO
Source: KITCO
―
DW NOTE
The Bank of Canada holds rates while gold in CAD terms trades 39% higher than its USD equivalent — a devaluation signal dressed up as stability. When your central bank acknowledges US tariff threats as material risks while doing nothing about them, the currency absorbs the adjustment instead.