Gold Prices Surge Amid U.S.-China Trade Tensions

Gold prices have surged, reaching near all-time highs, as a response to ongoing trade tensions between the U.S. and China, particularly after U.S. tariffs were implemented. The futures price of gold opened at $3,246 on Monday, marking a substantial increase from previous figures, reflecting its appeal as a safe-haven asset amidst global market volatility. In Indonesia, the imposition of U.S. tariffs has led to a significant rise in gold purchases as citizens seek stability amid the economic uncertainty and a plunging rupiah. Gold sales in Indonesia have tripled with many opting to buy small gold bars, highlighting the metal's role as a preferred investment over stocks or mutual funds during economic turmoil. Despite the bullish momentum in gold futures, experts caution investors due to the precious metal's volatility, advising careful consideration of risks. Overall, the global economic landscape is driving increased interest in gold as a stable investment alternative.