Today, gold hit a record high as investors anticipate the Federal Reserve will keep cutting rates amid ongoing U.S.-China tensions.
So far this week, bullion has increased over 5%, reaching a peak of $4,243 an ounce Thursday.
Today’s buying spree has also spread to other precious metals, with silver rising more than 3%.
Gold’s recent peak has followed Trump’s declaration that the U.S. is entering a trade war with China, which may boost gold’s reputation as a safe haven, along with the ongoing U.S. government shutdown.
So far in 2025, gold has risen by as much as 60%.
By CEO NA Editorial Staff
