Overview

• The price of gold surpassed $3,000 per ounce for the first time, reflecting its appeal as a secure investment during volatile times.
• Geopolitical risks, including the ongoing Ukraine conflict and escalating trade disputes, have fueled the surge in gold prices.
• U.S. President Donald Trump's aggressive tariff policies, including threats of 200% tariffs on European alcohol, have contributed to market instability and increased gold demand.
• Central banks in countries like China, Turkey, and Poland have significantly increased their gold reserves, aiming to reduce reliance on the U.S. dollar.
• Experts caution that while gold is seen as a safe haven, its price remains highly volatile and should be approached as a long-term investment option.