Singapore - Saba
Gold prices rose on Monday amid growing demand for the yellow metal as a safe haven, amid concerns over tariffs and the possibility of a Federal Reserve rate cut later this year.
Spot gold prices settled at $3,021.34 per ounce, while US gold futures rose 0.17% to $3,026.50 per ounce.
The precious metal hit an all-time high of $3,057.21 per ounce last Thursday, with demand increasing due to escalating global trade tensions.1