Gold prices rise amid economic uncertainty

Gold prices increased on Tuesday due to worries about economic growth stemming from uncertainty surrounding US President Donald Trump’s tariff proposals, leading to a surge in safe-haven demand for gold.

Spot gold prices increased at 4:54 AM GMT by 1.19 per cent to $2,932.76 per ounce, compared to the previous closing price of $2,898.4.

Meanwhile, US gold futures also rose 1.74 per cent to $2,951.11 per ounce, compared to Monday’s closing of $2,900.7.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser