The announcement represents another chapter in the unprecedented blurring of lines between Trump's personal business interests and his executive authority.

Gold steadied after rising early Tuesday when US President Donald Trump called for the immediate evacuation of Tehran, boosting demand for havens as investors track hostilities between Israel and Iran.

Gold rebounded on Tuesday as heightened geopolitical uncertainty stemming from Israel-Iran fighting and U.S. President Donald Trump's call to evacuate Tehran led investors to seek safe-haven assets. Spot gold rose 0.

The US' new $5 million residency visa, called the Trump Card, has attracted nearly 70,000 applicants, US Commerce Secretary Howard Lutnick has said. Designed to replace the EB-5 visa, the scheme aims to raise $1 trillion and targets global business leaders seeking legal US residency.

The Trump administration says that for $5 million, successful applicants would get a fast track to U.S. permanent residency and citizenship.

Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

Immigration and international taxation expert David Lesperance speaks to Hindustan Times about whether Trump’s new Gold Card program is legal fiction or reality