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Annual gold investment reached a four-year high of 1,180 tons, rising 25 percent year-on-year
Prices rose after China imposed tariffs on U.S. imports in response to new American duties
U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday
On Saturday, Trump levied 25 percent tariffs on Canadian and Mexican imports and 10 percent on goods from China starting February 4
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
Earlier in the session, gold prices hit an all-time high of $2,799.71
Fed signaled no rush in lowering borrowing costs until inflation and jobs data made it appropriate to begin another easing cycle
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
After cutting the benchmark interest rate a full percentage point last year, the Fed kept it in the current 4.25-4.50 percent range
The recovery in global markets failed to assist gold prices in rising over their Tuesday levels
Crude prices saw some losses this week amid concerns over weak Chinese economic data
China's net gold imports through Hong Kong fell 84 percent in December, dropping to their lowest since April 2022
