Gold edged higher, as bullion-backed exchange-traded funds continued to see big inflows.

Gold stocks jumped on Tuesday. Gold Resource rose 9%; Coeur Mining up 4%; Harmony Gold, Barrick Gold rose 2%; Gold Fields up 1%.

Bullion traded above $3,020 an ounce, less than $40 shy of the record high reached last week. Gold-backed ETFs have added about 154 tons so far this year, according to data collected by Bloomberg.

Gold-backed ETFs have seen persistent outflows over the last four years, as high interest rates made holding cash rather than gold more appealing for Western investors. That trend has reversed this year, giving support to prices.

Bullion has rallied 15% this year as an escalating trade war rattles markets, fueling haven demand. On Monday, President Donald Trump said an automobile import tariff was coming, he flagged a 25% levy on buyers of Venezuelan oil, while also indicating that some nations may receive breaks from reciprocal duties set to take effect next week.

Spot gold rose 0.4% to $3,023.31 an ounce at 10:21 a.m. London time, snapping three days of losses. The Bloomberg Dollar Spot Index fell 0.1%. Silver, platinum and palladium all advanced.