Commodities
Gold Climbs to Record as Traders Weigh Threat From Tariffs
- Precious metal rises above $2,800 an ounce for first time ever
- Markets are worried about economic impacts of trade wars
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Gold hit another record, with investors flocking to safe havens after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada.
Bullion topped $2,800 for the first time on Friday. The surge came after Trump said he would follow through on imposing 25% levies on imports from Canada and Mexico on Feb. 1. He also threatened China with measures, without specifying a level.