Gold soars to a new high as economic uncertainty deepens. Here’s what to know

News Snapshot:

NEW YORK (AP) — As economic uncertainty deepens worldwide, gold prices have notched more and more record highs. That's because gold sales can rise sharply when anxious investors seek “safe havens” for parking their money. Gold's current rally arrives as U.S. President Donald Trump 's announces new tariffs on economic allies and foes alike, roiling financial markets and threatening to reignite inflation for families and businesses alike. On Tuesday, the International Monetary Fund said that outlooks for economies worldwide, including the U.S., have significantly worsened in the wake of Trump's sweeping tariffs and the uncertainty they have created. And Trump's...