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.

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.