Gold Flirts with Near Record High Levels on Safe-Haven Demand

GOLD - NEW YORK. Gold prices rose 1% on Thursday, lingering near record high levels scaled in October, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve's policy path.

Spot gold was up 1% at $2,783.95 per ounce, as of 09:41 a.m. (1441 GMT), just $6.2 shy of a record high of $2790.15 hit in October. U.S. gold futures climbed 1.4% to $2,808.