New Delhi, Jan. 31 -- Gold prices soared to a new all-time high of USD 2,859 per ounce (28.34 gm), marking a sharp increase of 37 per cent over the past year.

The surge comes as investors seek safe-haven assets amid economic uncertainties, particularly following a fresh decline in US Treasury bond yields and concerns over trade policies proposed by former US President Donald Trump.

Ajay Kedia, Director of Kedia Advisory stated that "Gold prices hit a historic high driven by a fresh decline in US Treasury bond yields and growing concerns over potential economic risks from former US President Donald Trump's tariff proposals. Investors are turning to gold as a safe-haven asset amid uncertainty over future trade policies."

The drop in US b...