Gold Hits Record High Amid U.S.-China Trade War Fears and Inflation Concerns

Gold prices surged to a record high on Friday as escalating trade tensions, triggered by U.S. President Donald Trump’s latest tariffs, fueled investor demand for safe-haven assets. The uncertainty surrounding U.S.-China relations has heightened market volatility, driving gold prices upward. Meanwhile, investors are also closely watching key inflation data set to be released later in the day, which could influence future monetary policy decisions. Analysts say gold’s rally reflects growing concerns over economic stability as geopolitical and financial risks continue to mount.