Gold climbs to record as expanding trade war aids haven demand
Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens. Bullion climbed above $3 248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. US President Donald Trump on Tuesday went ahead with investigations into the need for levies on critical minerals.
Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens.
Bullion climbed above $3 248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. US President Donald Trump on Tuesday went ahead with investigations into the need for levies on critical minerals.
