HONG KONG: Gold prices hit a record peak yesterday, 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 US$3,142.83 an ounce at the time of writing, after hitting an all-time high of US$3,145.38 earlier in the session. US gold futures rose 0.7% to US$3,171.80. In the previous session, bullion recorded its strongest quarter since 1986, marking one of the most significant upswings in the precious metal’s history.
