Gold hits record high on weaker dollar, trade war concerns
April 16 (Reuters) – Gold prices hit an all-time peak on Wednesday as a weaker dollar, escalating trade tensions and concerns over global economic growth increased demand for the safe-haven bullion. Spot gold rose 1.3% to $3,270.12 an ounce, as of 0319 GMT. It scaled a peak of $3,275.20 per ounce earlier in the session. U.S. gold futures gained 1.4% to $3,286.30. “A confluence of factors such as dollar depreciation and ongoing risk aversion are working in gold’s favour,” said Tim Waterer, chief market analyst at KCM Trade. The dollar index fell 0.4% against its rivals, making gold more attractive