Gold surges past $3 200 as economic concerns reignite record rally
Safe-haven gold surpassed the key $3 200 mark for the first time on Friday, spurred by a weaker dollar and economic concerns due to an intensifying trade war. Spot gold jumped over 1% to $3 214.92 an ounce, as of 0801 GMT, after hitting a record high of $3 219.84 earlier in the session. Bullion is up over 5% so far this week.
Safe-haven gold surpassed the key $3 200 mark for the first time on Friday, spurred by a weaker dollar and economic concerns due to an intensifying trade war. Spot gold jumped over 1% to $3 214.92 an ounce, as of 0801 GMT, after hitting a record high of $3 219.84 earlier in the session. Bullion is up over 5% so far this week.
