Bank of Canada holds rate at 2.75% as expected, XAUCAD holds near C$4,600/oz

(Kitco News) – Spot gold held steady just below C$4,600 per ounce after the Bank of Canada held interest rates while warning about the growing impacts of trade tariffs from the United States.In a widely anticipated move, Canada’s central bank maintained its overnight bank rate at 2.75%. At the same time, the BoC signaled that trade uncertainty with the U.S. is beginning to impact the economy.