Gold prices surged to an 11-week high on Wednesday, nearing last year’s record peak, driven by safe-haven demand amid uncertainty over US President Donald Trump’s trade policies and a weaker dollar.
Spot gold prices increased at 7:25 AM GMT by 0.17 per cent to $2,749.44 per ounce, compared to the previous closing price of $2,744.81.
Meanwhile, US gold futures also rose 0.18 per cent to $2,764.09, compared to Tuesday’s closing of $2,759.2.
Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama