💨 Abstract

Gold prices reached a record high of nearly $3,000 an ounce on Friday, driven by escalating trade war fears and expectations of a U.S. Federal Reserve interest rate cut. The bullion scaled 13 all-time highs this year, with demand boosted by U.S. President Donald Trump's tariffs and rising recession fears. Gold ETF holdings have also increased due to haven demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖