The price of gold set a record high on Friday, breaking above $3,000 per troy ounce for the first time as investors reckon with President Trump’s seesawing tariff policy, fears of an economic slowdown and a sinking stock market. Gold is often sought out by investors as a safe haven during times of turmoil, and the price has risen by about 14 percent this year. By contrast, the S&P 500 index tumbled into a correction on Thursday, falling more than 10 percent over the past month as investors fret about Mr. Trump’s economic agenda.
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