Spot gold hits new highs, trade risks continue to increase gold attractiveness

Odaily Planet Daily News: Driven by safe haven demand, gold futures have risen to near historic highs (reaching a historic high of $2968.50 on February 11th). And spot gold has just hit a historic high of $2946.50. A research analyst from ANZ Bank stated in a report that gold prices have risen as market focus returns to the uncertain economic context. The risk of a full-scale trade war is high, which has stimulated investors' demand for safe haven assets such as gold. (Golden Ten)