Tuesday, 02 January 2024 12:17 GMT

Gold Price Hits Record High As Dollar Crashes


(MENAFN- The Peninsula) AFP

London: The price of gold, seen as an investment haven, struck a record high Thursday as the dollar tumbled on renewed fears over fallout from US President Donald Trump's tariffs.

Gold reached a record above $3,171 an ounce, as a falling US currency makes the precious metal more attractive to holders of some rival currencies.

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The Peninsula

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