Going for gold: Prices rise as tariff threats drive demand for safe assets

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Going for gold: Prices rise as tariff threats drive demand for safe assets

An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

 
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4.
 
The spot price of one gram of gold reached 138,000 won ($94) the same day, according to the exchange said the same day. Gold prices have spiked to an all-time high as threats of tariffs by U.S. President Donald Trump have driven up a preference for safe assets.
 
An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

An employee arranges gold products at the Korea Gold Exchange in Jongno District, central Seoul, on Feb. 4. [YONHAP]

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