Gold prices near record highs amid tariff

Gold prices were close to all-time highs on Thursday, driven by the demand for safe-haven assets due to tariff concerns and a US inflation report that supported expectations of a potential rate cut.

As of 12:58 PM GMT, spot gold edged up 0.46 per cent to $2,946.87 per ounce, compared to its previous close of $2,933.43. Meanwhile, US gold futures rose 0.34 per cent to $2,956.81 per ounce, up from Wednesday’s closing price of $2,946.8.

Attribution: Reuters, Amwal Al Ghad English

Subediting: Y.Yasser