Gold prices have reached another record high as markets around the world struggle with President Donald Trump’s protectionist trade policies. The price of New York spot gold hit $3,122.80 per troy ounce on Monday, a 40% increase from last year and 19% since the start of 2025.
The recent surge in gold prices is largely driven by uncertainty and economic turmoil. Investors are seeking safe havens for their money as Trump’s trade war threatens to reignite inflation and affect families and businesses. Analysts predict that gold’s price could continue to climb in the months ahead, but precious metals can be volatile assets with unpredictable future value.
The benchmark S&P 500 is down 4.5% this year, while gold prices have skyrocketed. Experts caution against putting all your eggs in one basket, as investing in gold carries risks and potential scams. However, gold advocates argue that it serves as a “safe haven” for diversifying investment portfolios and mitigating possible risks.
As the trade war continues to escalate, investors are flocking to gold as a safe bet. The price of spot gold is expected to remain high due to economic uncertainty and anxiety.
Source: https://apnews.com/article/investing-gold-record-high-tariffs-0a90a91c132ecd0c8bc1a8f4e1dfc29e