Gold prices have reached a new record high as investors seek safe-haven assets amid rising concerns about a global trade war. The surge is supported by expectations of interest rate cuts, central bank buying, and strong demand for exchange-traded funds (ETFs). Investors are closely watching upcoming labor market data for further indications of the Federal Reserve’s monetary policy decisions.
- Gold reached a record high of around $3,140 per ounce.
- Investors are seeking safe-haven assets due to fears of a global trade war triggered by President Trump’s tariff rollout.
- Reciprocal tariffs are set to take effect on Wednesday, applying to all nations.
- Additional automobile tariffs are scheduled for Thursday.
- Bullion recorded its best quarter since September 1986.
- Interest rate cut bets, central bank buying, and strong ETF demand are supporting the rally.
- Investors are closely monitoring key labor market data for clues on the Federal Reserve’s rate-cut path.
This signals that the asset is currently experiencing a significant bullish trend driven by macroeconomic uncertainties and investor sentiment. The confluence of trade war anxieties, anticipated monetary easing, and robust demand is creating a favorable environment for further price appreciation. The key factor to monitor will be incoming economic data and any shifts in global trade policy, as these will likely influence the asset’s trajectory in the near term.