Gold prices hover near all-time high: Key factors and investment strategy

Gold prices firmed on Monday (Feb 10), staying close to a record high as investors sought safety after US President Donald Trump announced new tariff plans. Spot gold rose 0.5% to $2,875.79 per ounce as of 0403 GMT, after hitting a record high of $2,886.62 per ounce on Friday (Feb 7).

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US gold futures also climbed 0.5% to $2,902.40.

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