Gold Surges Past $3,000 as Trade Tensions and Economic Uncertainty Mount

Investors and central banks turn to gold as a safe-haven asset amid volatile markets, inflation fears, and geopolitical instability.

Gold prices have hit a record high of over $3,000 per ounce, driven by fears of economic instability and the impact of U.S. trade tariffs under President Donald Trump.
Central banks worldwide have significantly increased gold purchases, surpassing 1,000 tons annually for the third consecutive year, as they hedge against financial sanctions and currency risks.
Trade tensions, including new U.S. tariffs on China, Canada, Mexico, and the European Union, have fueled market volatility and increased demand for gold as a secure investment.
Analysts predict that gold prices could continue rising, with some forecasting a peak of $3,100 this year, though potential profit-taking and weaker jewelry demand may temper gains later in 2025.
Digital gold investments and exchange-traded funds have gained popularity as alternatives to physical gold, offering easier access and lower costs for individual investors.