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Gold near highest record amid continued escalation of trade tensions

[17/04/2025 01:42]

LONDON-SABA
Gold prices continued to trade near an all-time high during trading, on Thursday, amid the continued escalation of global trade tensions, and ahead of the European Central Bank's decision on interest rates.

Spot gold rose 0.1 percent to $3,346.20 an ounce, after touching an all-time high of $3,357.40 an ounce earlier in the session.
. U.S. gold futures rose 0.4 percent to $3,359.50.

Gold prices breached on Wednesday barrier $ 3300 an ounce, for the first time ever, and recorded record highs unprecedented.

Gold has jumped more than 27 percent year-to-date. The precious metal is usually seen as a hedge against rising inflation and in times of political and economic uncertainty.