Singapore-Saba:
Gold prices rose to a record high on Tuesday, as investors flocked to safe-haven assets after US President Donald Trump imposed 25 percent tariffs on steel and aluminum imports, raising fears of a trade crisis and worsening inflation.
According to Reuters, spot gold rose 1.1 percent to $2,939.80 per ounce, after hitting a record high of $2,942.70 earlier in the session.
US gold futures also rose 1.1 percent to $2,966.