Gold bolts past key $3 200 mark on dollar slide, safe-haven flows
Gold prices breached the crucial $3 200/oz level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets. Spot gold was up 0.7% at $3,195.09 an ounce, as of 0700 GMT. Bullion rose more than 1% to scale an all-time peak of $3,219.84 earlier in the session, and has gained around 5% this week.
Gold prices breached the crucial $3 200/oz level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets. Spot gold was up 0.7% at $3,195.09 an ounce, as of 0700 GMT. Bullion rose more than 1% to scale an all-time peak of $3,219.84 earlier in the session, and has gained around 5% this week.
