Gold prices hit a record high on Jan. 31 as concerns about President Donald Trump’s potential tariffs on foreign nations fueled investor interest in the bullion.
In early morning trade on Jan. 31, the spot gold price of an ounce of gold breached the $2,800 level, hitting an all-time high of $2,807.59 before slightly coming down to $2,804.71 as of 08:10 a.m. ET. Earlier on Jan. 30, spot gold had risen by nearly 1.4 percent after opening at around $2,757.
