India, Feb. 20 -- Gold scaled a new record high on Thursday amid tariff concerns and uncertain outlooks for both global trade and inflation.
Spot gold jumped 0.7 percent to $2,952.56 in European trade, while U.S. gold futures were up 1.1 percent at $2,969.69.
The dollar index was subdued as Treasury yields continued to fall.
The uptick in gold prices was driven by safe-haven demand amid fears that U.S. President Donald Trump's tariff plans would stoke inflation and a global trade war.
Trump said on Tuesday he intends to impose 25 percent tariffs on autos, pharmaceuticals, and chips, aiming to boost U.S. manufacturing and competitiveness.
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