Gold prices stabilized in Asian trading on Wednesday, after briefly hitting record highs as ongoing concerns about global financial health and U.S. trade tariffs kept traders biased toward safe-haven assets.
Spot gold settled at $3,534.61 per ounce, while December gold futures rose 0.3% to $3,601.15 per ounce. Spot gold briefly reached a record high of $3,547.09 per ounce earlier in the session