Gold Prices Surge Amid Intensifying US-China Trade Tensions
Gold Prices Surge Amid Intensifying US-China Trade Tensions
Gold prices in India have surged, with spot gold reaching a record high of $2,867.59 per ounce, marking a 0.9% increase.
The escalation of trade tensions between the US and China has heightened demand for gold as a safe-haven asset.
In India, 24-carat gold prices have hit an all-time high of Rs 85,370 per 10 grams, reflecting a significant increase in domestic gold prices.
Internationally, gold prices have surged to record levels, with spot gold surpassing $3,000 per ounce, driven by geopolitical and economic uncertainties.
Investors are flocking to gold amid fears of a global recession and rising inflation due to the trade conflict, reinforcing gold's status as a safe-haven investment.
