Gold price hits new record over $2850 on tariff uncertainty
- The price of gold reached a new record of $2,853 an ounce, surpassing the previous high of $2,790 from late October.
- Gold's surge was influenced by uncertainty surrounding U.S. President Donald Trump's economic policies and a weaker dollar following a disappointing U.S. Growth report.
- Susannah Streeter from Hargreaves Lansdown stated that gold is seen as a safe haven asset amid inflationary concerns and potential tariff impacts.
- Record gold prices have led to a significant increase in the recycling of the precious metal, as investors seek shelter from economic unpredictability.
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Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
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- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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