It comes after the head of US central bank said Trump's tariff policies are likely to mean slower growth and higher prices.

Gold prices scaled a record peak on Wednesday as a weaker dollar, escalating trade tension and concerns over global economic growth fuelled demand for safe-haven bullion. Spot gold rose 1.7% to $3,282.

Gold futures rose to a record high as investors look for safe-haven assets, while the precious metal is also benefiting from dollar weakness. Futures were up 1.7% at $3,233.60 a troy ounce. The previous record of $3,