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Gold Tops $4,700 as Safe-Haven Rush Sends Metals to Records

Tariff threats from President Trump revive risk-off trading, channeling flows into gold and silver.

Overview

  • In early Tuesday trade, gold hit an intraday high of $4,717 per ounce before easing to about $4,711.
  • Silver reached a record $94.73 per ounce before slipping slightly.
  • The latest surge reflects geopolitical strains, including U.S. tariff warnings toward European states and tensions involving Iran, which lifted demand for havens.
  • Germany’s DAX briefly fell below 25,000 points as equities weakened on escalating trade concerns.
  • Reported metrics differ by source, with 2025 gold gains cited as about 65% in some outlets versus 47.49% elsewhere, and euro pricing showing a recent spot near €4,013 per ounce after a €3,976 close record.