Gold reached an all-time high on Friday, driven by uncertainty over U.S. tariffs, trade tensions and growing expectations of monetary policy easing by the Federal Reserve.

Spot gold was down 0.1% at $2,984.71 an ounce as of 0701 GMT. Earlier in the session, safe-haven bullion hit a record high of $2,993.80 and hovered near the key milestone of $3,000.