Gold prices declined on Tuesday, as investors booked profits after bullion hit a record high on safe-haven demand amid concerns that U.S. President Donald Trump's tariff plans could fuel inflation and trigger a major global trade war.

GOLD prices hovered near a record high on Tuesday (Feb 25), supported by safe-haven demand amid concerns over US President Donald Trump’s tariff plans which could fuel inflation and escalate a global trade war.

The tariffs are going forward on time, on schedule,” Trump said. Trump has claimed that other countries charge unfair import taxes that have come at the expense of domestic m

President Donald Trump is eyeing a “25% or higher” tariff across all semiconductor chips the United States imports, with rates likely to “go very substantially higher over a course of a year,” he told reporters on Tuesday.