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Gold prices hit a record high on Wednesday, bolstered by fears of a new trade war between the United States and China after Beijing slapped tariffs on U.S. imports in a response to new U.S. duties on Chinese goods.
Spot gold was up 0.2% at $2,848.69 per ounce, as of 0253 GMT, after hitting a record high of $2,853.97 earlier in the session. U.S. gold futures gained 0.2% to $2,879.70.
Published on February 5, 2025
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