India, April 1 -- Gold prices hit another record high on Tuesday amid fears that U.S. President Donald Trump's tariff policies may fuel inflation and weigh on global economic growth.
Goldman Sachs economists expect Trump to announce an average 15 percent reciprocal tariff on April 2. They also raised their forecast for inflation and lowered it for U.S. economic growth for the end of the year.
Spot gold was up by 0.3 percent at $3,132.13 per ounce in European trade, after having reached a new record high of $3,149.03 earlier. U.S. gold futures were up 0.3 percent at $3,160.10.
The dollar held firm after a bruising quarter. BlackRock CEO Larry Fink issued a stark warning that the U.S. dollar could lose its global reserve currency status to...