Trump's Section 232 Probe: Will Gold & Silver Prices Skyrocket?

• The US Section 232 investigation could grant President Trump power to impose heavy tariffs on silver, copper, or other minerals, citing national security threats.
• Such tariffs (25-50% or more) would create a supply shock, making these metals scarce and expensive in the US, driving up global demand and prices.
• A trade war atmosphere caused by aggressive US tariffs typically weakens the US Dollar, which historically leads to stronger gold and silver prices.
• In times of economic uncertainty or trade wars, investors flock to gold and silver as safe-haven assets, further fueling price rallies.
• If tariffs are imposed, gold on MCX could exceed ₹1.5 lakh/10 grams and silver ₹3 lakh/kg, impacting Indian households and the government's import bill.

Why It Matters: Trump's potential use of Section 232 tariffs on metals could trigger a significant, long-term rally in gold and silver prices.