Gold prices hit a record high on Friday, surpassing $3,000 per ounce. The increase was driven by demand for the safe-haven asset after President Donald Trump issued new tariff threats. Additionally, weak U.S. inflation data supported the rise.
Spot gold rose 0.6% to $3,009.11 per ounce, after reaching a peak of $3,017.11. Meanwhile, April gold futures gained 0.3% to $2,998.78 per ounce.
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