Sana'a: Gold prices rose on Wednesday, remaining near record highs, as investors turned to the safe-haven metal amid renewed trade tensions between the United States and China. Expectations of a further US interest rate cut also added to the momentum. Spot gold rose 0.4 percent to $4,155.99 per ounce, while US gold futures for December delivery rose 0.3 percent to $4,174.30. According to Yemen News Agency, the safe-haven metal has risen 55 percent since the beginning of the year, reaching a record high of $4,179.48 on Tuesday. The ongoing trade tensions have led investors to seek security in gold, pushing its value up significantly. The anticipation of a US interest rate cut further bolsters the appeal of the metal as a stable investment amid global economic uncertainties.
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