Trade war woes propel gold to record highs

From channelnewsasia.com

Gold touched an all-time high on Monday, breaching the $3,100 level, as investors turned to the safe-haven asset amid concerns that U.S. President Donald Trump's tariff plans would stoke a global trade war and economic fallout. Spot gold was up 0.6 per cent to $3,103.63 an ounce, as of 0255 GMT, after hitting a record high of $3,107.26 earlier. Bullion is up over 8 per cent in March. The dollar index eased 0.2 per cent, making dollar-priced gold less expensive for buyers holding other currencies. "Markets anxiety levels have been ramping up ahead of the reciprocal U.S. tariff announcements, which is keeping gold in ... (full story)