Gold prices rose in New York on Thursday, with gold futures touching a record high.
The benchmark price of gold, viewed as a relatively safe asset, briefly topped 3,000 dollars an ounce at one point.
The surge apparently reflects concerns about US President Donald Trump’s tariff policies.
The various tariffs being implemented by the Trump administration pushed down stock prices this week. Investors fear the moves could aggravate trade friction and negatively impact the global economy.
Potential geopolitical risks and concern about the differences in US and European security perceptions are also pushing up gold prices.
Gold futures have risen nearly 40 percent in the past year, indicating that the precious yellow metal is being targeted by investors.