Gold hits record high as tariff uncertainty sparks safe-haven rush
Gold prices scaled an all-time high on Friday, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. President Donald Trump reiterated his tariff threats.
Gold Hits Record High as Trump Tariff Threats Aid Haven Demand
Gold rose to a record high as investors flocked to safety after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada.Bullion briefly topped $2,800 an ounce for the first time ever on Friday after jumping 1.
Gold Reaches New Record Highs as Trump Reiterates Threat of Tariffs
Gold is on track for its best monthly performance since March last year as sentiment remains strong and participants consider the possible influence of American politics. Both it and the dollar remained strong this week as the Federal Reserve (‘the Fed’) held rates and the European Central Bank (‘the ECB’) cut as expected.
Trump tariff uncertainties push safe-haven gold to record high
Safe-haven demand due to geopolitical uncertainties and concerns over global economic growth amid U.S. President Donald Trump's tariff plans have hoisted gold prices to a record high, once again bringing the key $3,
Gold prices hit record high as Trump tariff concerns drive demand
Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment
Gold Consolidates After Record High on Safe-Haven Demand
Gold futures were broadly flat at $2,845 a troy ounce, having reached a fresh record of $2,859.50 a troy ounce earlier in the session. Gold prices have likely climbed on a swift move from investors to safety due to Trump tariff threats,
Gold hits record high amid concerns of Donald Trump tariffs
This also comes after the US Federal Reserve (Fed) kept interest rates unchanged at 4.25-4.5 per cent on Wednesday.
Navigating the Gold Rush: Trump's Tariffs Set Stage for Record Prices
Investors turned more bullish on gold as President Trump was signing the various Executive Orders that would begin enacting his aggressive policies. As a result, the SPDR Gold Shares ran through the top of its range at $250, initiating what is referred to as a “Volatility Rally”.
Gold hits all-time high as tariff uncertainty sparks safe-haven rush
Gold prices scaled an all-time high on Friday, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. president Donald trump reiterated his tariff threats.
Gold hits record high on safe-haven demand amid tariff threats
Gold prices rose to hit a lifetime high on Thursday while the focus was also on a crucial inflation report for clues on the Fed's policy path.
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