Gold surged to a new record high on Friday, driven by growing recession fears and rising tariff tensions between the U.S. and China, which boosted investor appetite for safe-haven assets like bullion.
As of 0039 GMT, spot gold had climbed 1% to $3,205.53 per ounce, after earlier reaching an unprecedented high of $3,217.43. The precious metal is up over 5% for the week.
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