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Bloomberg Quint

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Image Credit: Bloomberg Quint

Gold Hits Record As Recession Anxiety Has Traders Seeking Havens

  • Gold rose to a fresh record as concerns about the impact of tariffs on the global economy pushed investors to the safe haven.
  • Bullion edged up in early Asian trading on Friday to above $3,190 an ounce, surpassing the previous record.
  • Gold’s haven status has been underlined with fears of a worldwide recession engulfing Wall Street and skepticism towards trade talks.
  • Gold's rally this year has also been boosted by hopes for more Federal Reserve monetary easing and central bank buying.

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