Gold Soars to New Heights as Trade War Fears Intensify

Gold prices continue their remarkable ascent, poised for a seventh consecutive weekly gain as global trade tensions escalate. The precious metal hit a record high of $2,942.70 per ounce on Tuesday, fueled by safe-haven demand amid President Trump's latest tariff announcements. Investors are closely watching US inflation data and Fed policy for further cues. In India, gold prices have surged to ₹87,060 per 10 grams for 24-carat gold. With ongoing geopolitical uncertainties and potential inflationary pressures, analysts predict gold could soon breach the $3,000 milestone, cementing its status as a key portfolio diversifier in these turbulent times.
Sources: Reuters, CNBC TV18, Gulf Business