Commodities
Gold Hits Fresh Record as Trump’s Looming Levies Boost Havens
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Gold hit a record high, as a wave of volatility sent traders to havens ahead of President Donald Trump’s expected tariff rollout, which has heightened concerns the global economy is heading for a trade war.
Bullion inched above $3,133 an ounce for the first time, following a 1.4% surge in the previous session. Traders are on edge as Trump plans to announce sweeping levies on all of America’s trading partners on Wednesday, which has helped gold to its best quarter since September 1986 after gaining almost a fifth this year.