Gold Hits New Record Level Amid Trade War Concerns

The price of gold reached yet another new record level on Monday. During the morning, gold is traded for 3 706 dollars per ounce.

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Gold Hits New Record Level Amid Trade War Concerns
Photo: Mark Baker/AP/TT

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Gold is traditionally seen as a safe investment in uncertain times and President Donald Trump's decision on 25-percent tariffs on imports of foreign cars to the USA has added to the concern that the trade war will escalate.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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