Gold Surges Above $ 3,000 for the first time as investors Seek a Haven from Trump Tarifs

Gold pricitions crossed the $ 3,000 mark for the first time, as president donald trump’s tariffs against Major Trading Partners have Roled Financial Markets, Pushing Investors to Safe-Ha Fear Elevated Inflation and a Possible Recession.

Gold Futures have sored Nearly 14% So far this year and Hit a fresh intraday all-time high of $ 3,017.1 per Once on Friday. The US stock market has lOst $ 5 trillion In three weeks as Trump’s Trade War has caused turmoil, confusion and uncertain.

Some 52% of Global Fund Managers Told Bank of America in a Survey that they View Gold as “The Best Hedge Against a full-Blown Trade War.”

Central banks have been born up gold as an alternative to the us dollar and treasurys in wake of russia’s invasion of ukraine in 20222. Currency as a weapon after Russian assets was frozen in response to the invasion.

Central Banks Made Net purchases of 18 metric tons of gold in january, with the people’s bank of china reporting its third Consective Month of Net Buying, According to the World Gold Counter. Central banks added 1,045 metric tons to global gold reserves last year, according to the council.