India, March 19 -- Gold edged down slightly on Wednesday, after having climbed to a new record high at $3,040 per ounce earlier.
Spot gold slipped 0.2 percent to $3,028.71 in early European trade while U.S. gold futures were down 0.1 percent at $3,037.50.
Today's decline is primarily attributed to profit booking as rising Middle East tensions and trade uncertainties due to U.S. President Donald Trump's tariff plans continue to fuel demand for the safe-haven asset.
Geopolitical tensions intensified, with Iran-backed Houthi rebels claiming their fourth attack on a U.S. warship in the Red Sea within 72 hours and Israel saying ceasefire negotiations with Hamas will only take place 'under fire'.
Elsewhere, Russian President Vladimir Putin ha...