Gold rises to record as trade war concerns drive haven demand
Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports. Bullion gained as much as 0.2% on Friday to an all-time high of more than $3 061 an ounce, beating the previous record set Thursday. It was on track for a fourth weekly gain, with prices supported by growing haven demand.
Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after President Donald Trump pushed ahead with US tariffs on all auto imports.
Bullion gained as much as 0.2% on Friday to an all-time high of more than $3 061 an ounce, beating the previous record set Thursday. It was on track for a fourth weekly gain, with prices supported by growing haven demand.
