Gold prices continued their record high on Tuesday, driven by concerns stemming from US President Donald Trump's criticism of Federal Reserve Chairman Jerome Powell, which dampened risk appetite and pushed investors toward gold as a safe haven.
Spot gold rose 1.7 percent to $3,482.67 per ounce, after touching a record high of $3,494.66 per ounce earlier in the session. US gold futures rose 2 percent to $3,493.70.
Trump reiterated his call for an immediate interest rate cut, warning that the US economy could face a slowdown. He criticized Powell's position of keeping interest rates unchanged until the impact of tariff plans on inflation becomes clear.
Source (Al Arabiya.net, edited)
