Overview

• Gold reached an all-time high of $3,167.57 per ounce following President Trump's announcement of a 10% baseline tariff on all imports and 25% tariffs on cars and trucks.
• Gold-backed cryptocurrencies, including Tether Gold and PAX Gold, have surged over 20% in 2025, mirroring the rise in physical gold prices.
• The tariffs, exceeding Wall Street's worst-case expectations, have intensified fears of a global trade war and rattled capital markets.
• Bitcoin and other risk assets fell sharply in response, highlighting a shift in investor preference toward traditional safe-haven assets like gold.
• Central bank gold purchases, inflation fears, and economic uncertainty continue to bolster gold's appeal as a hedge against market volatility.