Gold has achieved a historic milestone, surpassing the $3,000 per troy ounce mark for the first time, marking a rise of over 13% in 2021 alone. This surge is attributed to widespread economic uncertainty and fears about financial stability, causing investors to flock to gold as a safe investment. Analysts highlight that these price increases are largely influenced by the tariff policies of President Donald Trump, which are exacerbating market volatility. The London market continues to play a crucial role in determining global gold prices, while concerns about a potential economic downturn persist.
Gold's price surge is mainly due to economic uncertainty, with investors increasingly viewing it as a safe-haven asset amid the current financial climate.
The tariffs imposed by President Trump are generating significant financial market uncertainty, leading many to seek refuge in gold as a crisis-proof investment.
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