Gold prices soar to all-time high amid US-China trade tensions
Gold prices soar to all-time high amid US-China trade tensions
Gold prices have skyrocketed to an all-time high, fueled by renewed trade tensions between the United States and China. As of 5:59am GMT, spot gold was trading at $4,043.14 per ounce after hitting an all-time high of $4,059.3 earlier in the day. The surge in prices is driven by safe-haven demand as investors look for stable investments amid global economic and political uncertainties. The US Federal Reserve's anticipated interest rate cuts are also contributing to gold's upward trajectory.
