Arab Finance: Gold prices surged to an all-time high on Tuesday as investors sought safe-haven assets after US President Donald Trump imposed new tariffs on steel and aluminum imports.
The move raised concerns about rising inflation and the possibility of a global trade war.
Spot gold rose 0.3% to $2,916.37 per ounce by 07:01 GMT, after hitting a record high of $2,942.70 earlier in the session.
US gold futures also climbed 0.3% to $2,941.50 per ounce.