Commodities
Gold Hovers Near Record High as Trade Risks Boost Haven Appeal
This article is for subscribers only.
Gold held just below a new all-time high as a fresh round of tariff threats from US President Donald Trump, coupled with mounting geopolitical tension, underscored the metal’s haven appeal even after a blistering rally.
Bullion traded little changed near $2,935 an ounce after earlier hitting a fresh record high of $2,947.01. Late Tuesday, the US president pledged to impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%.