Gold retreats after hitting all-time high on Trump tariffs
Business
Gold prices took a breather on Thursday after surging to yet another all-time high following U.S. President Donald Trump's announcement of sweeping import tariffs, which drove investors to the safe-haven asset. Spot gold was down 1.4 per cent to $3,090.00 at 1130 GMT amid some profit-taking, having hit a record peak of $3,167.57 earlier in the day. U.S. gold futures were down 1.7 per cent to $3,111.40. Gold has continued to build on last year's rally, with prices rising 18 per cent in 2025 as a
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