Gold hits new record as traders seek safety from Trump tariffs anxiety

Gold rose to a record high of $3175.07 per ounce as concerns over global tariffs continued to drive investors to seek safety in the precious metal, despite easing US inflation data. US equities fell while bonds rebounded, with traders pricing in expectations for three or possibly four interest rate cuts from the Federal Reserve. The Trump administration’s tariff uncertainties have fueled scepticism about timely trade talks, supporting gold’s haven status and 21% rally this year.

Full Article