Gold prices climb amid global trade tensions

Gold prices rose further on Tuesday due to safe-haven demand following trade conflicts triggered by new tariffs imposed by US President Donald Trump on the world’s top three trading partners.

Spot gold prices increased at 12:03 PM GMT by 0.91 per cent to $2,919.52 per ounce, compared to the previous closing price of $2,893.17.

Meanwhile, US gold futures rose 1.02 per cent to $2,930.61 per ounce, compared to Monday’s closing of $2,901.1.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama