Gold price breaks $4,700 record on tariff fears, lifting GLD and gold miners
Gold surged above $4,700 an ounce Tuesday, hitting a record $4,763.07 as investors reacted to new U.S. tariff threats against Europe. The S&P 500 fell 1.1% and the dollar dropped 0.6%. The Cboe Volatility Index reached its highest level in eight weeks. Traders are watching for President Trump’s pick for the next Fed chair, with an announcement possible next week.