Gold rises to record as trade war concerns drive haven demand

From bnnbloomberg.ca

Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after U.S. President Donald Trump pushed ahead with U.S. tariffs on all auto imports. Bullion gained as much as 0.7% on Friday to an all-time high of more than $3,077 an ounce, beating the previous record set Thursday. It was on track for a fourth weekly gain, with prices supported by growing haven demand. Trump on Thursday signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and Canada if they join forces “to do economic harm” against the US. Markets are also ... (full story)