COMEX gold is holding gains near record high levels on Wednesday morning in Asia, fueled by safe haven demand amid persistent concerns over US tariffs and global uncertainties. The counter is quoting at $2946.40 an ounce, down marginally on the day and perched at lifetime high levels. Trump announced plans on Tuesday to impose 25% auto tariffs, along with duties on semiconductors and pharmaceutical imports, escalating trade tensions. Investors await release of January's Federal Open Market Committee (FOMC) monetary policy decision for further cues.

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