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Safe-haven gold hits all-time high on Trump's new salvo
Mint Mumbai
|February 20, 2025
Gold prices advanced to an all-time high on Wednesday as trade war tensions and concerns over global economic growth drove safe-haven flows following US President Donald Trump's new tariff threats.
Spot gold was up 0.3% at $2,943.25 an ounce as of 1025 GMT after surging to an all-time-high of $2,946.75/oz earlier in the session. Prices scaled a record for a ninth time this year. US gold futures rose 0.4% to $2,961.00.
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