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Gold climbs to record as expanding trade war aids haven demand

 Yihui Xie and Yvonne Yue Li / Bloomberg
Yihui Xie and Yvonne Yue Li / Bloomberg • 1 min read
Gold climbs to record as expanding trade war aids haven demand
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Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens.

Bullion climbed above US$3,248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. US President Donald Trump on Tuesday went ahead with investigations into the need for levies on critical minerals.

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