Sri Lanka, Feb. 21 -- The spot gold price is trading at record highs and targets the psychological $3000 mark amid flight-to-safety inflows due to growing uncertainties regarding the Ukraine-Russia war and US President Trump's tariff threats.

Support can now be spotted around the recent record highs at $2942 to $2940, which because of inverse polarity, might act as a minor support zone.

WTI rally stalls

The WTI light crude oil price seems to have ended its three-day bullish stint as a reported increase in US crude inventories, showing a potential fourth consecutive week of inventory builds, indicates ample supply.

A rise above the 55-day simple moving average (SMA) at $72.36 and also Wednesday's high at $72.87 is needed for the recent...