Gold price soars to life-time high of Rs 38,070 per 10 gram amid global trade tensions

Gold price today reached its apex, surpassing the Rs 38,000 per 10 gram mark for the first time ever, amid heightened trade tension between US and China and marked slowdown in global economic activity. The yellow metal has witnessed a sharp surge in demand as a safe haven asset, ever since the US Federal Reserve`s statement that the first rate cut since 2008 was not the beginning of a rate cut cycle. At the Multi-Commodity Exchange (MCX),