Gold Prices Near Record Highs Amid Tariff Threats and Weaker Dollar
Source: economictimes.indiatimes.com Gold Surges Past $2,900 as Dollar Weakens Gold prices climbed back above the $2,900 mark on Monday, driven by a weaker U.S. dollar and escalating trade tensions. Spot gold rose 0.6% to $2,900.44 per ounce by 11:34 GMT, following last week’s all-time high of $2,942.70. U.S. gold futures also saw gains, rising 0.4% to $2,912.10. A softer dollar, hovering near a two-month low, made gold more attractive to investors using other currencies. Analysts suggest that geopolitical and economic uncertainties continue to fuel the demand for safe-haven assets like gold. “Investors are still seeking safety, especially with concerns over tariffs and a potential trade war,” said Giovanni Staunovo, an analyst at UBS. The ongoing central bank demand is also expected to keep gold prices on an upward trajectory, with predictions that the metal could soon reach the $3,000 mark. Tariff Concerns Add Fuel to Gold’s Rally The latest push in gold prices com...