Gold climbs to record high on safe-haven demand; Fed decision in focus
March 19 (Reuters) – Gold prices rose to hit a record high on Wednesday, as tensions in the Middle East and trade uncertainties lifted the bullion’s safe-haven appeal, while traders awaited the Federal Reserve’s decision due later in the day. Spot gold was up 0.2% at $3,041.37 an ounce, as of 0540 GMT, after hitting an all-time peak of $3,042.95 earlier in the session. U.S. gold futures gained 0.3% to $3,048.70. “Traders are viewing gold as an asset, which is well-equipped to handle tariff-related economic uncertainty,” KCM Trade chief market analyst Tim Waterer said, adding that the current trading environment,