Gold hits new record above $4,900 as safe haven trade resumes after tariff pause
Gold surged nearly 2% on Thursday afternoon, climbing to a fresh all-time high above $4,900 as investors returned to traditional safe havens. Silver also pushed to new record levels above $96, extending a multi-month rally that has seen precious metals print successive highs almost daily.
The rally came despite a brief pullback on Wednesday after President Donald Trump said he would halt proposed 10% tariffs on NATO nations. That announcement initially eased risk concerns and pushed gold and silver lower, but the