Gold prices today touched a record high as investors ran for a safe haven amid fears about credit quality in the US economy as well as rising frictions between Washington and Beijing on trade issues.
As per Bloomberg, gold bullion prices rose as much as 1.2 per cent to $4,379.93 an ounce on Friday. This put it on track to record its highest weekly gain since 2008, while extending a breakneck rally that began in August.
(This is a developing story. Check back for updates)
