Gold Hits $3,500, Setting Another Record, as Investors Remain Uneasy

Global investors scrambling for security rushed to gold on Tuesday, pushing its price to a record $3,500 an ounce, as concerns mount about President Trump’s trade war and his deepening anger at the Federal Reserve chair, Jerome H. Powell.

Gold has set a series of records during an ugly stretch for the markets. Its latest peak came after a particularly rough day on Wall Street, when investors dumped stocks, sold U.S. Treasury bonds and cut their exposure to the dollar, causing its value to drop against most other major currencies.