Gold scales new high on Trump tariff concerns


Bullion at Gold Investments Ltd. - file pic

Gold prices rose to a record high on Thursday as investors turned to bullion for safety on fears U.S. President Donald Trump's tariff plans would stoke inflation and a global trade war.

Spot gold was up 0.5% at $2,945.83 an ounce, as of 0621 GMT, after hitting a record high of $2,947.11 earlier in the session.

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Gold , Donald Trump , Tariff , bullion , trade war , inflation

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