Trump’s tariff plans and their potential economic fallout are driving gold’s strength as a safe-haven asset, with prices reaching record highs. Market uncertainty fueled by steel, aluminum, and Chinese import tariffs, coupled with declining US consumer sentiment and rising inflation expectations, has bolstered gold’s appeal.
safe-haven assets
Gold Hits Record High of $2,956 Amid Firm Dollar and Stable Yields: What’s Driving the Rally?
Gold prices surged to an unprecedented high of $2,956 during early trading on Monday in the North American session, defying a strong US Dollar and steady Treasury yields. The precious metal continues to shine as investors navigate a complex landscape of geopolitical tensions, mixed economic data, and shifting market sentiment.
Gold Futures Rise on Geopolitical Tensions, China Bank Purchases
Gold futures rose on safe-haven demand and central bank buying. Futures rose 0.5% to $2,699.30 per troy ounce.
Continuous Growth in Gold-Backed ETFs: Four Months of Net Gold Inflows
The investment landscape is witnessing a notable trend: Gold-backed exchange-traded funds (ETFs) have reported net gold inflows for the fourth consecutive month. This consistent inflow indicates a rising interest among investors in securing their assets through gold.