Gold hit a record high on Friday as fresh tariff plans from U.S. President Donald Trump fuelled fears the global trade war will intensify further, prompting investors to seek refuge in the safe-haven precious metal.

Gold futures rose to a fresh record on Friday as tariff threats sparked fears of an escalating trade war. Futures surpassed $3,110 ahead of the Trump administration's reciprocal t

Gold prices climbed to a new high as U.S. President Donald Trump's widening trade war prompts investors to seek refuge in the precious metal. In early trade, futures rose 1% to $3,090.30 a troy ounce and are up more than 8% on the month.