Overview

• Gold reached an all-time high of $3,167.57 per ounce on April 3, with spot gold currently trading at $3,145.93 and futures at $3,170.70.
• President Trump announced a 10% baseline tariff on all U.S. imports, with higher duties on key trading partners, intensifying the global trade war.
• The U.S. dollar weakened following the announcement, making gold more attractive to international investors seeking a hedge against inflation and economic instability.
• Central bank purchases and increased investor demand have contributed to gold's 19% surge in 2025, with analysts predicting prices could surpass $3,200 in the short term.
• Gold-backed cryptocurrencies, such as Tether Gold and PAX Gold, have also mirrored gold's rise, gaining over 20% since the start of the year.