Gold Prices Reach Unprecedented Levels

As the new quarter begins, gold prices have skyrocketed to a record high, nearing $3,150 per ounce. This marks the fourth consecutive day of gains, signaling a robust performance for the precious metal.

Trade Tensions Fuel Market Anxiety

The surge in gold prices comes amid growing concerns over an imminent announcement by US President Donald Trump regarding extensive tariffs on all US trading partners. Scheduled for Wednesday, these measures have traders on edge, fearing potential retaliatory actions that could destabilize the global economy.

A Stellar Year for Gold

Gold has emerged as one of the top-performing commodities this year, achieving its best quarter since 1986. Investors are increasingly turning to gold as a safe haven amid escalating trade tensions and economic uncertainty.