Particle.news
Download on the App Store
24 ARTICLES
·
4w ago

Gold Prices Reach Record High of $3,148 as U.S. Tariffs Loom

Investors flock to gold as a safe-haven asset, driven by tariff concerns, geopolitical instability, and central bank demand.

A man arranges gold jewelry in a store in the old city of Tripoli, Libya November 24, 2018. Picture taken November 24, 2018. REUTERS/Hani Amara/File Photo
Gold jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky/File Photo
FILE - Gold bars are shown stacked in a vault at the United States Mint on July 22, 2014 in West Point, N.Y. (AP Photo/Mike Groll, File)
US President Donald Trump listens to a question while speaking to members of the press while returning to Washington, DC on Air Force One on March 30, 2025, in Fredericksburg, Virginia.

Overview

  • Gold prices hit an all-time high of $3,148 per ounce on April 1, 2025, marking its strongest quarterly performance since 1986.
  • The rally is fueled by fears surrounding U.S. President Donald Trump's reciprocal tariffs set to take effect on April 2, which could escalate trade tensions and inflation.
  • Central banks have significantly increased gold reserves, with some analysts projecting holdings could rise from 10% to over 30% of reserves.
  • A weaker U.S. dollar, falling bond yields, and expectations of Federal Reserve interest rate cuts continue to support gold's upward momentum.
  • Major financial institutions, including Goldman Sachs and Bank of America, have raised their gold price forecasts, with some predicting prices could exceed $3,300 by year-end.