Gold futures finished higher on Thursday, registering its record high rate kindled by the softness in dollar and dip in bond yield notes. Earlier in the week, President Donald Trump announced plans of additional tariffs on lumber, cars, semiconductors, and pharmaceuticals, following existing tariffs of 10% on Chinese imports and 25% on steel and aluminum, further escalating global trade tensions and increasing investment appeal of safe haven bullion. The yellow metal for the most active contract is in track to mark an eighth straight weekly gain.
Gold futures for April delivery up by $20.00 or 0.68% to $2,956.10 ounce on the Comex division of the New York Mercantile. While, spot gold down by $8.31 or 0.28% to settle at $2,930.67an ounce.