© Sputnik
Gold is also viewed as protection against political troubles that could weigh on the world economy. Its run-up at the close of last year also came amid heightened tension over developments in the Middle East and a dollar battered by US interest rate cuts.
Concerns that Donald Trump’s looming April 2 reciprocal tariffs could trigger further economic turmoil sent investors rushing to the ultimate safe-haven asset.
Spot gold, which tracks real-time trades in gold bullion, hit a record high of $3,111.3 an ounce after being up 18% this year alone.
Goldman Sachs analysts predict another high of $3,300 by year’s end.
Last year, gold prices hit record highs, with US gold futures slightly above $2,640 an ounce on the Comex division of the New York Mercantile Exchange, after peaking at $2,644.80. At the time, analysts speculated that the major target of $3,000 an ounce was in view.
https://sputnikglobe.com/20250331/gold-blasts-past-3100-for-the-first-time-ever-amid-trade-war-jitters---1121716739.html
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