Ammon News - Gold scaled an all-time peak on Tuesday, extending its historic run above the $3,000 mark as global uncertainties exacerbated by rising trade tensions kept investors hooked on the popular safe-haven asset.

Spot gold rose 0.6% to $3,017.84 an ounce as of 0715 GMT after hitting a record high of $3,018.66. Prices climbed above $3,000 for the first time March 14.

U.S. gold futures gained 0.7% to $3,027.00.

Historically considered a hedge against geopolitical instability, gold has risen more than 14% year-to-date. Since US President Donald Trump took office in January, the metal has hit a record high 14 times as economic concerns due to his tariff war boosted demand.

The tariffs include a flat 25% levy on steel and aluminium which came into effect in February and reciprocal and sectoral tariffs to be imposed on April 2.

The dollar wallowed near a four-month trough, making gold cheaper for overseas buyers.

Silver firmed 0.2% to $33.90 an ounce, platinum added 0.4% to $1,004.16 and palladium rose 0.7% to $971.75. Reuters