Gold prices surged to a record level in Wednesday's trading, supported by fears of a new trade war between the United States and China.
By 05:01 GMT, spot gold had risen by 0.5% to $2,855.32 per ounce. Earlier in the session, it reached a record high of $2,858.12 per ounce.
Meanwhile, U.S. gold futures increased by 0.3% to $2,884.60 per ounce, according to trading data.
Market concerns were heightened after Beijing imposed tariffs on U.S. imports in response to new U.S. tariffs on Chinese goods. (Reuters)
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Gold prices surged to a record level in Wednesday's trading, supported by fears of a new trade war between the United States and China.
By 05:01 GMT, spot gold had risen by 0.5% to $2,855.32 per ounce. Earlier in the session, it reached a record high of $2,858.12 per ounce.
Meanwhile, U.S. gold futures increased by 0.3% to $2,884.60 per ounce, according to trading data.
Market concerns were heightened after Beijing imposed tariffs on U.S. imports in response to new U.S. tariffs on Chinese goods. (Reuters)
