New Gold Included in Zacks Strong Buys as Gold Jumps 2% on Tariff Hike
After President Trump proposed raising temporary tariffs from 10% to 15%, spot gold jumped about 2% to above $5,200 per ounce and silver rallied over 3% toward the high-$80/oz range. New Gold Inc fell 0.21% and is rated Zacks #1 Strong Buy on renewed safe-haven demand.
1. Tariff Hike Spurs Gold and Silver Rally
U.S. President Donald Trump’s plan to increase temporary import tariffs from 10% to 15% rattled markets, sending spot gold up roughly 2% to over $5,200 per ounce and silver rising more than 3% toward the high-$80/oz range. The move pressured the U.S. dollar and reignited demand for defensive assets.
2. New Gold Inc Rated Zacks #1 Strong Buy
New Gold Inc shares dipped 0.21% on the session but drew bullish sentiment as one of four Zacks Rank #1 (Strong Buy) picks tied to the metals rally. The designation reflects expectations that continued geopolitical and tariff uncertainty will support New Gold’s production pipeline and cash flow.