Gold Prices Surge Past $3,000 Amid Trade Tensions

Gold prices have surged to unprecedented levels, crossing the $3,000 per ounce mark for the first time, driven by a combination of geopolitical tensions, economic uncertainty, and U.S. trade policies under President Donald Trump. Trump's tariff measures have led to increased market volatility, causing investors to flock to gold as a safe-haven asset. The recent rise has been supported by central banks, notably China's, increasing their bullion reserves. Despite hitting a peak of $3,004.86, gold prices slightly retracted due to profit-taking. The Federal Reserve's expected monetary easing and the U.S. dollar's volatility further buoy the metal's appeal. Analysts suggest that if investment demand increases by 10%, gold could reach $3,500 per ounce, underscoring its role as a reliable store of value during economic disruptions.