Gold gained, bolstered by haven demand as traders weighed fresh tariff threats from President Donald Trump after he declared a 30% rate for the European Union and Mexico effective next month.

President Donald Trump announced new tariffs on the European Union and Mexico that will take effect on Aug. 1.

The August 1 deadline gives the countries time to negotiate agreements that could lower the tariffs. Some investors and economists have also noted Trump's pattern of backing off his tariff threats.

The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday ...

Which countries are the worst hit by Trump's new tariffs, and on what basis were these 14 countries chosen? What is the road ...