Gold hits record high as US-China trade war intensifies, dollar weakens
From Yahoo Finance: 2025-04-09 23:27:00
Gold prices surged nearly 3% to a record high due to a weaker dollar and escalating U.S.-China trade tensions. Spot gold reached $3,160.82 an ounce, with U.S. gold futures settling at $3,177.5. President Trump raised tariffs on China, boosting gold’s safe-haven appeal. Central banks buying gold and Fed rate cut bets also support the precious metal. Silver, platinum, and palladium prices varied.
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