NEW YORK (AP) — Amid widespread economic turmoil, the price of gold has soared to another record high. Gold futures surpassed the $3,000 per troy ounce mark for the first time this week, per FactSet. And the cost of New York spot isn’t far behind — closing at about $2,988 Thursday. Interest in buying gold often comes at times of uncertainty, as some anxious investors look for alternative places to park their money. Gold’s latest heights arrive as U.S. President Donald Trump’s on-again, off-again tariffs continue to escalate a trade war and roil financial markets. If trends continue, analysts say gold’s price could continue to climb in the months ahead. But precious metals are also volatile assets — and so the future is never promised.
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