Gold climbs to new high as buyers hedge against Trump tariff plans

News Snapshot:

Gold climbed to a new all-time high on Thursday, just a stone's throw away from the $3,000 level against a backdrop of ongoing geopolitical and tariff risks, as well as indications from President Donald Trump that the US intends to verify how much gold it has stored. On Thursday, gold futures (GC=F) touched an intraday high just beyond $2,973 per ounce before paring gains, while cash market gold surpassed a record $2,954 an ounce. The surge comes amid concerns of an escalating trade war after Trump announced on Tuesday he intends to impose levies on autos, semiconductors, and pharmaceutical products....