Gold Surpasses $3,000 for the First Time Amid Tariff Uncertainty.
Gold surged past $3,000 per ounce for the first time in history as investors sought refuge in safe-haven assets amid concerns over Donald Trump’s tariff policies.
The precious metal climbed 2.9% to $3,000.85 per ounce, extending gains after surpassing its late-February record.
Gold ($2,998/oz) breaks out to make new all-time high on Tariff concerns and Fed rate cut expectations
- Gold prices hit a new all-time high in Asian trading at 4:01am this morning driven by a correction in equity markets.
- Asian equities moved higher with the Hang Seng rising >2% with the CSI 300 up 2.4%.
- China’s CCP is to hold a press conference on Monday where observers expect measures to drive new consumption.
- The Chinese market is enjoying a tech market revival which it hopes will extend into other sectors
- Chinese banks are being encouraged to increase loan approvals to support new demand.
Paul Williams of Solomon Global commented: Gold breaching the psychologically significant $3,000 level is a direct response to escalating trade tensions and the growing economic uncertainty that this brings.
Trump’s latest tariff threat, a potential 200% duty on EU alcohol imports, has sent further shockwaves through global markets, fuelling demand for safe-haven assets. This isn’t just a knee-jerk reaction to individual policies; it’s investors seeking protection against systemic risk. Given the current momentum, gold at $3,500 by summer and $4,500 within the next year are in the realms of possibility.
With the Trump tariff turmoil spooking markets once again, gold is being chosen as the ultimate shield against political and economic unpredictability.
“Trump’s latest tariff threat—a potential 200% duty on EU alcohol imports—has sent further shockwaves through global markets, driving demand for safe-haven assets.
This isn’t just a knee-jerk reaction to individual policies; it reflects investors seeking protection against broader systemic risks.”
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