Gold’s record run persists as US tariff worries bolster safe-haven demand

From brecorder.com

Gold prices extended their record run on Tuesday, hitting a record high buoyed by safe-haven demand as investors braced for U.S. President Donald Trump’s planned announcement on reciprocal tariffs. Spot gold was up 0.3% at $3,133.01 per ounce at 1147 GMT, after hitting an all-time high of $3,148.88 earlier in the day. U.S. gold futures were 0.4% higher at $3,161.60. “Trump’s tariff comments and his increasingly volatile stance on Russia’s war against Ukraine are proving the perfect chaos for new record gold prices,” surpassing even the COVID-19 pandemic five years ago, said Adrian Ash, head of research at ... (full story)