India, March 14 -- Gold prices hit a record high on Friday and held close to the key $3,000 mark, helped by tariff-related worries and expectations that slowing inflation and concerns over growth will prompt the Federal Reserve to cut interest rates this year.
Spot gold edged up by 0.2 percent to $2,995.10 per ounce in European trade while U.S. gold futures were up 0.6 percent at $3,008.10.
In the latest in a long list of tariff threats, U.S. President Donald Trump said on Thursday he would impose a 200 percent tariff on all wines, champagnes and alcoholic products coming out of the EU in response to a "nasty" 50 percent tariff on whisky, which was imposed as a counter measure to previous levies announced by the U.S.
It is feared that Tr...