Gold hits record high as Trump tariff worries mount
Gold prices hit a record high on Friday, set for their best month since March 2024, as investors flocked to the safe-haven metal due to heightened U.S. tariff concerns, while awaiting a key inflation report for further direction.
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,
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 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.
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”.
Safe-haven gold rises on Trump tariff worries
Gold prices rose on Thursday as investors worried about potential import tariffs from U.S. President Donald Trump, while investors awaited a key inflation report to gauge the Federal Reserve's policy path.
Gold Gains; Impact of Trump’s Potential Tariffs in Focus
Gold edged higher in the early Asian trade. Prices rose recently on a weaker dollar and concerns about President Trump’s potential tariffs, ANZ said.
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