Last week, gold surged about 3% to a record high
Gold may continue its profit-booking up as the positive trigger Dr. Renisha Chainani, Head- Research, Augmont - Gold for all analysed the last week of August 4 to 8, 2025 that reviewed, gold hit a record $3,534 (~ ₹102,250) last week, driven by U.S. tariff confusion on Swiss gold bars, widening the London–New York spread to $100 before narrowing to $60. Despite uncertainty easing, market fragmentation risks remain. Fed rate-cut expectations and geopolitical developments may continue supporting prices. Last week, gold surged about 3% and reached a record high of $3534 (~Rs 102,250), helped by news of tariffs on one-kilogram gold bars from Switzerland. The worldwide bullion market was significantly impacted by the decision to impose taxes on gold, which resulted in halted shipments. Gold bars were previously thought to be exempt from President Donald Trump's "reciprocal tariffs," which include a 39% tariff on items imported from Switzerland, a sign...