Gold price continues to rise amid trade war

The price of gold reached a new all-time high on Tuesday, as demand for safe assets surged after the Trump administration imposed an additional 10 percent tariff on China.

The spot gold price rose as high as two-thousand-845 dollars and 14 cents per ounce during Tuesday's intraday trading, hitting an all-time high.

The closing price of gold futures for April on the New York Mercantile Exchange stood at two-thousand-875 dollars and 80 cents per ounce,.. up zero-point-seven percent from the previous day.

The continued increase in the price of gold comes amid growing concerns of an escalation in the trade war between the U.S. and China.