Gold took a breather on Tuesday after rapid 10% run year-to-date. But Wall Street analysts see more upside for the precious metal given recent tariff announcements and the threat of an escalating trade war.

Gold surged past $2,900 per ounce and aluminum, iron ore, copper and silver futures rose after President Donald Trump said he'd target metal imports.

Gold prices rose to hit a lifetime high on Thursday while the focus was also on a crucial inflation report for clues on the Fed's policy path.