Sharjah24 - AFP: Gold prices continued to rise on Monday, surpassing the $2,900 mark for the first time, driven by demand for safe-haven investments due to fears of a trade war and rising inflation following new threats from U.S. President Donald Trump to impose tariffs.
Gold in spot transactions rose by 1.6% to $2,905.24 per ounce by 18:45 GMT, after reaching an all-time high of $2,911.30 earlier in the session.
U.S. gold futures also increased by 1.6% to $2,934.40.
In other precious metals, silver in spot transactions rose by 0.8% to $32.05 per ounce after hitting a three-month high on Friday.
Platinum increased by 1.5% to $990.74, while palladium rose by 2.1% to $985.40.
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