India, Feb. 4 -- Gold prices rose to a fresh record high on Tuesday on safe-haven buying amid concerns the imposition of tariffs by the U.S. and other major countries could hinder economic growth.
Although the U.S. President Donald Trump has delayed tariffs against Mexico and Canada, he imposed a 10% tariff on all imports from China. The move has attracted retaliatory action from China, which has slapped tariffs on energy goods from the U.S.
Investors also noted Boston Fed President Susan Collins, Atlanta Fed President Raphael Bostic and Atlanta Fed President Raphael Bostic's warnings that the Trump administration's plans for trade tariffs come with inflation risks, creating uncertainty over the Federal Reserve's rate path.
The dollar's ...