Insignia Consultants | Gold prices hold near record highs as US tariff concerns linger
Gold prices hold near record highs as US tariff concerns linger
yesterday
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Feb 4 (Reuters) - Gold prices firmed on Tuesday, holding near a record peak hit in the previous session, as lingering U.S. tariff and inflation concerns boosted safe-haven demand, while focus was also on key jobs data due this week.
Spot gold was up 0.3% to $2,820.69 per ounce by 0252 GMT, after hitting a record high of $2,830.49 in the last session.
U.S. gold futures fell 0.2% to $2,852.70.
U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two countries, while levies on Chinese goods are due to start later in the day. The market perceives Trump's tariff policies as inflationary.
