Gold prices dip slightly, remain close to historic highs

Gold prices remained close to a record high on Tuesday, with concerns about a trade war and uncertainty surrounding US President Donald Trump’s tariff proposals leading to increased demand for safe-haven assets.

Spot gold prices fell at 1:31 PM GMT by 0.78 per cent to $2,929.62 per ounce, compared to the previous closing price of $2,952.64.

Meanwhile, US gold futures also dropped 0.70 per cent to $2,942.49 per ounce, compared to Monday’s closing of $2,963.2.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama