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Business / World Business

Gold price hits record high as dollar crashes

Published: 10 Apr 2025 - 08:21 pm | Last Updated: 10 Apr 2025 - 08:43 pm
An employee handles gold jewelry for customers at Hua Seng Heng gold traders in Chinatown in Bangkok on April 9, 2025. (Photo by Lillian SUWANRUMPHA / AFP)

An employee handles gold jewelry for customers at Hua Seng Heng gold traders in Chinatown in Bangkok on April 9, 2025. (Photo by Lillian SUWANRUMPHA / AFP)

AFP

London: The price of gold, seen as an investment haven, struck a record high Thursday as the dollar tumbled on renewed fears over fallout from US President Donald Trump's tariffs.

Gold reached a record above $3,171 an ounce, as a falling US currency makes the precious metal more attractive to holders of some rival currencies.