The price premium for gold in top consumer China above global benchmark spot prices widened this week due to consumers and investors seeking refuge from the country's escalating trade war with the United States,

Uncertainty surrounding U.S. President Trump's tariffs added extra heat to the momentum of gold's rise, as well as strong demand from central banks.

The price of gold set a new all-time high in early April as investors looked for a safe haven to offset stock market losses tied to President Donald Trump's sweeping tariffs. However, even that