Online reported that gold futures contracts in recent months closed at a record high, closing up 1.5% to US$2,984.30 per ounce. Gold futures closed higher for the third consecutive trading day, rising 3.2%. Gold rose to near $3000 an ounce as major stock indexes entered or approached adjustment ranges. Robert Yawger, head of U.S. energy futures at Mizuho Securities, said in a report that tariff-related uncertainty is driving investors to flee to safe assets and driving gold prices higher. "We have nowhere to hide except storing cash in record high gold," he said.