Reported about 15 hours ago
Gold soared to a new record of $2,989.98 per ounce as fears over the U.S. economy heightened due to President Trump's tariff policies and disappointing inflation data, prompting investors to seek safer assets. This surge follows a weak report on wholesale inflation that supports looser monetary policy, while concerns about stock market declines fueled haven demand for gold. Analysts predict further increases in gold prices, with forecasts suggesting it could reach $3,500 an ounce.
Source: YAHOO