India, March 14 -- Gold held steady on Friday after hitting a record high due to persistent uncertainty over US tariffs, fears of trade tensions, and increased expectations of the Federal Reserve easing monetary policy.

International gold prices reached $2,986.45 an ounce after hitting a record high of $2,989.46, within touching distance of the $3,000 an ounce milestone, according to a report by news agency Reuters.

Meanwhile, gold futures in India on the Multi Commodity Exchange (MCX) hit Rs.87,775.

US gold futures, in particular, rose by 0.3% to $2,999.50.

This comes as trade war fears skyrocketed after US President Donald Trump threatened to charge a 200% tariff on imports of European wines and spirits after the European Union (EU)...