Gold Futures Approach Record High Amid Rising Safe-Haven Demand

According to Odaily, gold futures have surged close to their historical peak, driven by increased demand for safe-haven assets. The futures neared the record high of $2,968.50 set on February 11, while spot gold recently reached a new all-time high of $2,946.50. Analysts from ANZ Bank noted in a report that the focus on an uncertain economic backdrop has contributed to the rise in gold prices. The heightened risk of a full-scale trade war has further fueled investor interest in gold and other safe-haven assets.