Bullion traded around $2,930 an ounce, putting it on track for a seventh weekly gain — its longest run since August 2020. Gold hit a record $2,942.68 an ounce on Tuesday, with Trump’s disruptive moves on trade and geopolitics underscoring bullion’s role as a store of value in uncertain times. Banks are calling for gold to hit $3,000 an ounce amid ongoing demand for haven assets, with Citigroup Inc. saying last week it expects prices to reach that level within three months. Central banks, including China’s, have added to holdings, while bullion-backed exchange-traded funds expanded — also supporting gold’s 12% gain so far this year
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