Gold soars to record high on trade war concerns, weaker dollar

Anushree Ashish Mukherjee - Reuters - 21/04
Gold prices surged to a record high on Monday, spurred by concerns over global economic growth due to the spiralling Sino-U.S. trade war, with a weaker dollar further boosting the rally.
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April 21 (Reuters) - Gold prices surged to a record high on Monday, spurred by concerns over global economic growth due to the spiralling Sino-U.S. trade war, with a weaker dollar further boosting the rally.
Spot gold had advanced 1.7% to $3,383.87 an ounce as of 0246 GMT, after hitting a record high of $3,384 earlier in the session.

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U.S. gold futures firmed 2% to $3,396.10.
The dollar index (.DXY), opens new tab hit a three-year low, making gold more attractive for other currency holders.
"Fundamentally, markets are pricing in heightened geopolitical risks, driven by U.S. tariff tensions and stagflation concerns, while resilient central bank demand offers an added tailwind for prices as well," said IG market strategist Yeap Jun Rong.
U.S. President Donald Trump announced "reciprocal tariffs" on dozens of count...
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