Gold Prices Surge Globally Amid Tariffs, Geopolitical Tensions

Gold prices have surged significantly due to U.S. President Donald Trump's recent imposition of import tariffs, with market analysts predicting a potential rise to $3,200 per ounce. The tariffs, coupled with increasing geopolitical tensions, particularly in the Middle East and the ongoing Ukraine conflict, have driven investors toward gold as a safe haven asset. In Vietnam, gold bar prices reached record highs, reflecting a global trend influenced by the trade wars initiated by the Trump administration. Additionally, central banks worldwide have been aggressively purchasing gold, contributing to its rising value, with purchases exceeding 1,000 tonnes for the third consecutive year. Analysts suggest that the weakening U.S. dollar will play a crucial role in the continued rise of gold prices in 2025. Overall, the combination of geopolitical instability, trade policies, and central bank strategies are fueling unprecedented demand for gold across global markets.