Gold climbs record high as Trump’s tariff plans spark safe-haven demand

From brecorder.com

Gold prices scaled a record peak on Friday as concerns over US President Donald Trump’s fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal. Spot gold climbed 0.6% to $3,073.79 an ounce, as of 0230 GMT, after hitting an all-time high of $3,077.44 earlier in the session. Bullion is up 1.7% so far this week. US gold futures gained 0.8% to $3,083.60. “Gold has the wind at its back at the moment. US trade policy, US fiscal policy, geopolitics, and a growth slowdown - everything is blowing in gold’s direction,” Capital.com’s financial market ... (full story)