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Trump Tariffs: Gold hits fresh record high over trade war impact fears

  • On Wednesday, gold prices reached a record high, exceeding $3,300 per ounce.
  • Escalating trade tensions between the United States and China prompted safe-haven buying.
  • Spot gold increased 1.72% to $3,306.90, while U.S. Gold futures rose 1.4% to $3,286.30.
  • Tim Waterer of KCM Trade noted dollar depreciation and risk aversion favor gold.
  • The weaker dollar and ongoing risk aversion are driving gains in the price of gold.
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tradingpedia.com broke the news in on Wednesday, April 16, 2025.
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