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Gold price hits record high as dollar crashes

Gold hits fresh record above $2,200 on rate cut hopes
Source: Pixabay

The price of gold, seen as an investment haven, struck a record high Thursday as the dollar tumbled on renewed fears over fallout from US President Donald Trump’s tariffs.

Gold reached a record above $3,171 an ounce, as a falling US currency makes the precious metal more attractive to holders of some rival currencies.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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