Gold Prices Hit Record Highs as Trump's Tariffs Fuel Global Economic Uncertainty

The precious metal surges past $2,900 per ounce as investors seek safe-haven assets amidst fears of inflation and trade tensions.

Gold reached an all-time high of $2,942 per ounce, with analysts predicting it may soon surpass $3,000 due to ongoing market volatility.
President Trump's announcement of 25% tariffs on steel and aluminum imports has heightened concerns about inflation and global trade disruptions.
Investors are turning to gold as a hedge against economic uncertainty, with central banks and ETFs reporting increased demand for the metal.
The U.S. Treasury is considering monetizing gold reserves, which could add $750 billion to its balance sheet but risks destabilizing the market.
Analysts note that geopolitical tensions, including retaliatory trade measures and shifts in monetary policy, are further driving gold’s appeal.