Gold hits all-time high as Trump's tariff plans stir inflation worries
Gold prices hit a record peak on Tuesday, as concerns that US President Donald Trump's reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand. Spot gold was up 0.6% at $3 142.83 an ounce, as of 03:10 GMT, after hitting an all-time high of $3 145.38 earlier in the session.
Gold prices hit a record peak on Tuesday, as concerns that US President Donald Trump's reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand.
Spot gold was up 0.6% at $3 142.83 an ounce, as of 03:10 GMT, after hitting an all-time high of $3 145.38 earlier in the session.
