Overview
- Gold prices have surged to an all-time high of $3,218 per ounce, reflecting a 37% increase over the past year.
- Trump's tariff policies, including a 145% tariff on Chinese imports and China's retaliatory 125% tariffs, have heightened global economic uncertainty.
- Major financial analysts, including UBS and Deutsche Bank, have raised gold price targets to $3,500 and $3,700 per ounce, respectively, citing sustained demand.
- A weaker US dollar and declining bond market appeal are further fueling the gold rush as investors seek safe-haven assets.
- Experts predict significant market volatility over the next three months as trade tensions persist and economic pressures mount.