After a record in the previous session, gold prices extended their gains on Wednesday. Investors are seeking the comfort of the safe haven metal in preparation for the potential impact of reciprocal American tariffs

L'or au comptant était en hausse de 0.7% at $3,131.25 per ounce, at 02:40 GMT. US gold futures rose by 0.4% to $3,159.90. The gold bar hit an all-time high of $3,148.88

The rise in the price of gold was also fuelled by strong demand from central banks, expectations of an easing of interest rates by the Federal Reserve, geopolitical instability in the Middle East and Europe, and increased flows to funds traded in gold-backed stock exchanges

Spot silver added 0.2% to $33.82 per ounce, platinum gained 0.8% to $987.66, and palladium rose 0.7% to $990.45.