Gold Hits Record High on Weak DollarSingapore, 16 Apr (ONA) — Gold prices today scaled a record peak as a weaker dollar, escalating trade tension and concerns
over global economic growth fuelled demand for safe-haven bullion.
Spot gold climbed 1.3 percent to $3,270.12 per ounce, having
previously touched a peak of $3,275.20 per ounce during the session.
Meanwhile, US gold futures saw a rise of 1.4 percent, reaching
$3,286.30.
The dollar index declined by 0.4 percent against its
counterparts, rendering gold more appealing to holders of other
currencies.
In related markets, spot silver rose 0.1 percent to $32.32 per
ounce, platinum dipped 0.3 percent to $956.64, and palladium remained
steady at $971.10.— Ends/Khalid
