New Delhi, Feb. 20 -- The demand for gold as a safe-haven asset is increasing amidst significant uncertainty regarding US trade policy, largely due to the aggressive reciprocal tariffs implemented by the Trump administration. Spot gold reached an unprecedented USD 2,943 per ounce, while Comex gold stands at USD 2968 per ounce.

Over the past month, gold prices have risen by approximately USD 300 or 12 percent cumulatively, with several new highs being recorded, according to reports. Gold is trending toward $3,000 per ounce and is expected to surpass $3,080.

This recent strength is attributed to a combination of factors, including increased demand for safe havens driven by higher tariffs, geopolitical tensions, inflation worries, central ...