Gold holds near record peak as trade jitters boost safe-haven demand

From brecorder.com

Gold prices edged higher on Thursday, hovering near record highs hit in the previous session, as tensions in the China-U.S. trade war lifted safe-haven demand, while investors awaited the U.S. jobs data for clues on the future direction of interest rates. Spot gold was steady at $2,870.16 per ounce, by 0306 GMT, after hitting an all-time peak of $2,882.16 in the previous session. U.S. gold futures shed 0.2% to $2,888.30. “Investors are trying not to miss this rally as they place their position because they are happy with the returns. That’s the reason why it’s hitting successive highs,” said Soni Kumari, a ... (full story)