India, Feb. 20 -- Gold futures settled at a fresh record high on Thursday as prices climbed on safe-haven demand amid lingering concerns about geopolitical tensions and tariff threats by U.S. President Donald Trump.
The dollar's slide also contributed to the jump in gold prices. The dollar index dropped to 106.37, losing more than 0.7%.
After imposing a 10% tariff on Chinese imports and a 25% levy on steel and aluminum, Trump announced plans to impose tariffs on automobile, semiconductors and pharma products.
Gold prices also moved higher due to concerns that any big policy shift by the Trump administration could push up inflation.
Gold futures for February settled at $2,940.00 an ounce, gaining $20.60 or about 0.71%.
Silver futures fo...