Gold Hits $3,500, Setting Another Record, as Investors Remain Uneasy
Global investors scrambling for security rushed to gold on Tuesday, pushing its price to a record $3,500 an ounce, as concerns mount about President Trump’s trade war and his deepening anger at the Federal Reserve chair, Jerome H. Powell. Gold has set a series of records during an ugly stretch for the markets. Its latest peak came after a particularly rough day on Wall Street, when investors dumped stocks, sold U.S. Treasury bonds and cut their exposure to the dollar,...
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