Gold, which traders have been flying to New York since December as a precaution against the possibility of broad U.S. tariffs hitting bullion imports, is being shipped back to Switzerland, where it came from,

Gold climbed to a record as markets weighed the latest US trade news from President Donald Trump, who has driven a flight to safety assets amid mounting confusion over his tariff agenda.

Goldman Sachs thinks gold could reach $3,700 an ounce by the end of 2025 because the metal was "uniquely positioned to hedge recession risk."