Gold Hovers Near All-Time Highs

Singapore, 10 Feb (ONA) --- Gold prices firmed today, and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after US President Donald Trump's decision to impose fresh tariffs sparked concerns of a global trade war.

Spot gold was up 0.3% at $2,868.66 per ounce, after hitting a record high of $2,886.62 on Friday.

US gold futures rose 0.2% to $2,894.00.

Spot silver was steady at $31.82 per ounce, platinum fell 0.3% to $973.60, and palladium was up 0.4% at $968.29.

Trump said that he will announce new 25% tariffs on Monday on all steel and aluminum imports into the US, which would come on top of existing metals duties, adding that he intends to announce customs duties on several countries in the coming hours.

--- Ends/Khalid