Commodities
Gold Hits New Record as Traders Seek Safety on Tariff Anxiety
Bullion’s initial surge in the previous session came after US tariffs on around 60 trading parters kicked in.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Gold rose to a fresh record high as worries about the impact of tariffs on the global economy continued pushing investors to seek safety in the precious metal even after easing US inflation data.
Bullion advanced as much as 3% to $3,175.07 an ounce, surpassing a previous peak reached earlier in the month.