Gold prices rose after hitting a record high last week, driven by increased demand for safe havens amid escalating geopolitical tensions, concerns over tariffs and trade disputes, and rising expectations of a Federal Reserve interest rate cut.
Spot gold prices rose 0.1 percent to $2,986.53 per ounce. The precious metal had surpassed the $3,000 per ounce barrier at the end of last week's trading, reaching a record high of $3,004.86. Meanwhile, US gold futures fell 0.2 percent to $2,994.60 per ounce.
Source: Al Arabiya.net, edited
