Gold edged higher after posting its biggest one-day gain in 18 months, as confusion over US President Donald Trump’s tariff agenda drove investors to buy the precious metal as a haven.
During a whipsaw day for markets, gold climbed as much as 3.9% before closing up 3.3%, less than $100 short of its all-time high posted last week.
The constant back-and-forth of the US administration’s tariff plan has rocked the world, as investors scramble to find direction and certainty, which has been supportive for gold, up 18% this year.
Spot gold for immediate delivery gained 0.2% to $3,088.32 an ounce as of at 8:20 a.m. Singapore time.