Today, gold has reached yet another record high as investors seek the safety of the asset in an increasingly volatile market.
Gold reached a record price of $2,820 today, marking its highest ever recorded value. Since October 2023, the price of gold has surged by 53%.
Trump’s reiteration that the U.S. will impose a 25% tariff on incoming goods from Mexico and Canada, as well as a potential tariff on China, has created insecurity in the market, driving up gold prices.
Experts believe if institutional demand persists, gold prices could reach up to $3,000 in 2025.
Gold is anticipated to remain a favored investment safe haven in the upcoming months to protect against inflation.
By CEO NA Editorial Staff
