Gold prices climbed on Wednesday as escalating uncertainty over U.S.-China trade relations and mounting global economic concerns drove investors toward safe-haven assets. The decline in the U.S. dollar further supported gold’s upward momentum.
Spot gold increased by 0.6% to $3,370.67 per ounce by 0209 GMT, while U.S. gold futures gained 0.5%, reaching $3,394.90.
