U.S. President Donald Trump‘s aggressive tariff policies, global geopolitical risks, and financial uncertainties have pushed gold prices to new highs. As a safe-haven asset, gold continues to break records as investors increase demand.
Gold Reaches $2,979!
Today, the price of gold surged 1.7% to $2,979.90 per ounce, setting a new record. This brings the precious metal closer than ever to the $3,000 mark.
📌 At the start of the year: $2,620
📌 Current price: $2,979.90
📌 Increase since the beginning of the year: $358
📌 Number of record highs this year: 12
Gold rose by 27% last year and has already increased by 14% this year.
Trump’s Policies and Geopolitical Tensions Drive Prices Up
Since Trump took office in January, gold has gained nearly 10%, driven largely by concerns over his tariff policies. Analysts say that, in addition to trade tensions, geopolitical conflicts and economic instability have boosted demand for gold.
Moreover, expectations that the Federal Reserve will ease its monetary policy have further strengthened gold’s appeal. Some experts also highlight the ongoing war in Ukraine, stating that uncertainties in ceasefire negotiations have pushed investors toward safe-haven assets like gold.
With central banks continuing to buy gold, the upward trend seems set to continue. The question now is: Will gold break the $3,000 barrier soon?
