Gold surges to record high as central banks turn from dollar to bullion

ADVERTISEMENT Gold jumped to a record $3,508.50 (€3,015.08) an ounce on Tuesday, fuelled by expectations of a US Federal Reserve rate cut and mounting uncertainty for investors. The precious metal is seen as a haven for investors, with demand for it surging when trust in the stability of paper currencies or financial markets dips. Earlier this year, gold prices surged when US President Donald Trump announced a raft of controversial tariffs against other countries. Gold’s record-high value underscores deep unease over the global outlook and questions about the Fed's independence as US President Donald Trump ramps up pressure on policymakers….