Gold Hits Record High, Exceeding $3,100 For The First Time In History
Economy | 11:53 - 11/04/2025 Mawazine News – Baghdad Gold made further gains in spot trading, rising 2.72% to $3,166 per ounce, coinciding with the escalation of the trade war between the world's two largest economies, the United States and China.
Gold prices rose about 3% after China imposed additional tariffs on the United States, in addition to the decline of the dollar after US President Donald Trump's tariffs on China took effect. Most traders turned to gold as a safe haven amid escalating global trade tensions and recession fears.
Gold exchange-traded funds (ETFs) recorded their largest positive quarterly inflows in three years during the first quarter of the year, reflecting increased demand for hedging by investors. https://www.mawazin.net/Details.aspx?jimare=260742
