Gold Prices Soar to Record Highs Above $3,200 as Economic Uncertainty Deepens

Escalating US-China trade tensions, a weakening dollar, and speculation of Federal Reserve rate cuts fuel unprecedented demand for gold and mining stocks.

Gold prices have reached an all-time high, trading between $3,200 and $3,218 per ounce, driven by heightened economic instability and geopolitical tensions.
The ongoing US-China trade war, marked by reciprocal tariffs exceeding 100%, has led investors to seek refuge in traditional safe-haven assets like gold.
A weakening US dollar, influenced by protectionist policies, has further boosted gold's appeal, particularly for international investors.
Speculation about potential Federal Reserve rate cuts to counter slowing economic growth is adding momentum to gold's rally, which has risen nearly 37% over the past year.
Mining stocks, including London-listed Fresnillo and Endeavour, have surged alongside gold prices, with major financial analysts revising their price targets upward to as high as $3,700 per ounce.