#Firstpost Gold Prices Hit Record High On US-China Trade Tensions, Silver Follows Suit | Firstpost Live | N18G

Gold prices climbed to a record high on Tuesday as renewed US-China trade tensions exacerbated broader uncertainty, bolstering safe-haven demand, while the prospects of U.S. rate cuts lent support, with silver also reaching an all-time peak. Spot gold was up 0.4% at $4,124.79 per ounce, as of 0029 GMT, after having hit an all-time high of $4,131.52 earlier in the session. Safe-haven gold has surged 57% year-to-date, surpassing the crucial $4,100 milestone for the first time on Monday, bolstered by geopolitical and economic uncertainties, rate-cut expectations, and strong central bank buying.

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