Gold prices continued their gains, hovering near all-time highs, supported by safe-haven flows after US President Donald Trump announced tit-for-tat tariffs that could escalate a global trade war.
Spot gold rose 0.6 percent to $3,129.46 per ounce. US gold futures settled at $3,166.20, up 0.6 percent.
The price of gold, often used as a safe store of value during times of political and financial uncertainty, has risen by more than $500 so far in 2025, reaching a record high of $3,148.88.
Source (Al-Khaleej Emirati Newspaper, Edited)
