India, April 11 -- Gold surged to a new record high above $3,200 per ounce on Friday, following a short period of consolidation last week.
Spot gold jumped 0.8 percent to $3,202 per ounce in early European trade, while U.S. gold futures were up 1.5 percent at $3,233.69.
Bonds dropped and the U.S. dollar slumped to a decade-low versus the Swiss franc amid economic and policy turmoil, helping boost safe-haven demand for bullion.
Financial markets have been gripped by the Trump administration's constant back-and-forth tariff plan.
The big bond sell-off witnessed on Tuesday is creating an environment where even U.S. Treasuries are no longer looking safe.
Earlier this week, U.S. President Donald Trump said he was pausing his sweeping tariff...