Gold firms near record peak as trade war concerns linger
GOLD prices inched higher on Thursday (Feb 6) to hover near an all-time high hit in the last session, as Sino-US tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world’s largest economy.
Trump's trade war pushes gold higher
The significant increase in gold prices is primarily attributed to fears of a potential new trade war. This escalation began when Beijing imposed tariffs on US imports in retaliation to new American duties on Chinese goods. Additionally, Trump's statement about the US 'taking over' the Gaza Strip has contributed to these concerns.
eVnExpress on MSN2h
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