Gold Prices Hit Historic $3,200 Milestone as Trade Tensions Escalate

Weaker U.S. dollar and shifting tariff policies drive investors toward safe-haven assets, fueling record-breaking gold rally.

Gold surpassed $3,200 per ounce for the first time, reaching a record high of $3,219.84 during Friday's trading session.
The price surge is attributed to a weakening U.S. dollar, rising recession fears, and heightened trade tensions between the U.S. and China.
President Trump's pause on reciprocal tariffs and increased duties on Chinese imports have added to market uncertainty, further driving demand for gold.
Investors are turning to both physical gold and gold-backed ETFs as reliable crisis hedges, with increased purchases reported by institutions like The Royal Mint.
Analysts predict gold prices may climb further, with projections reaching up to $3,500 per ounce in the coming months.