Spot gold breaks through $2900 and reaches new high again

BlockBeats News: On February 10th, gold prices rose more than 1% on Monday to over $2900 per ounce, as US President Trump's latest tariff plan intensified concerns about a global trade war, stimulated safe haven demand for gold, and pushed gold prices to record highs. UBS analyst Giovanni Staunovo said, "We expect further support for gold prices, with prices rising to $3000 per ounce." Daniel Hynes, senior commodity strategist at ANZ Bank, said, "Gold could be caught up in tit for tat tariffs, which are causing chaos in the physical market Kelvin Wong, Senior Market Analyst for OANDA Asia Pacific, said, "I don't think there is much possibility of a pullback in (gold prices) at the moment unless we start seeing a strong rise in the US dollar