Gold prices topped $3,300 for the first time on Wednesday (16/4), as investors sought safe havens after U.S. President Donald Trump ordered an investigation into potential new tariffs on U.S. imports of critical minerals.
Spot gold was up 2.3% at $3,301.78 an ounce by 1018 GMT, after hitting a record high of $3,317.90 earlier in the session. U.S. gold futures were up 2.4% at $3,317.70.
"Trump's trade war shows no signs of slowing... triggering a fresh move into safe havens and out of stocks," said Ole Hansen, head of commodity strategy at Saxo Bank.
Source: Newsmaker.id
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