Gold price (XAU/USD) surged to a record high of $3,005 per troy ounce during Asian trading hours on Tuesday, driven by strong safe-haven demand amid ongoing trade tariff uncertainty and geopolitical tensions. The US reaffirmed its commitment to striking Yemen’s Houthis until they halt attacks on Red Sea shipping, further unsettling markets. US President Donald Trump warned on Monday that he would hold Iran accountable for any attacks by the Houthi group it supports in Yemen. Trump administration has since expanded the largest US military operation in the Middle East since Trump returned to office.