Commodities
Gold Hits Record Just Below $3,000 as Investors Pile Into Havens
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Gold rose to a record — coming within a whisker of $3,000-an-ounce — as President Donald Trump’s aggressive tariff agenda fanned concerns about the potential hit to growth, hurting demand for risk assets and aiding flows into bullion-backed funds.
Spot gold climbed toward $2,994 an ounce, eclipsing the previous peak set on Thursday. Bullion has risen 2.6% this week, putting it on track for the biggest gain since November. Futures in New York — which trade at a premium to cash prices — comfortably topped $3,000 an ounce.