Arab Finance: Global gold prices hiked to their highest intraday level since October 2024, as the US President Donald Trump’s tariff threats stimulated demand for safe-haven assets, Bloomberg reported on January 22^nd.

Traders are currently monitoring the outlook for the global economy following Trump’s remarks on global trade and immigration.

Gold bullion traded at $2,762 per ounce, registering a 1.4% surge compared to the previous session.

Spot gold edged up by 0.6% to $2,762.51 per ounce at 10:34 am GMT.

The dollar spot index retreated by 0.2%, while the silver, platinum, and palladium prices increased.

Gold set a series of records in 2024, with gains driven by the Federal Reserve's shift to looser monetary policy, geopolitical tensions, and central bank buying.

The precious metal is expected to witness a further boost amid concerns over Trump’s trade and immigration policies.

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