Recently, gold has taken center stage in the financial world, breaking new all-time records. On Tuesday, global bullion spot prices touched $3,221.70 per ounce—rising by 0.4%. The day prior, gold set an all-time high at $3,245.42. US gold futures followed suit, climbing to $3,237.60. This sustained growth in gold’s value comes against the backdrop of mounting uncertainty about US trade policy under President Trump's administration and the shifting momentum of major financial indices.
On Tuesday, gold prices continued their upward trajectory, fueled by ongoing uncertainty surrounding the tariff policies of U.S. President Donald Trump. This environment has driven increased demand for safe-haven assets like gold, as global markets face heightened fears of a potential trade war.
Recent developments in the global stock market highlight how policy changes can instantly affect economic stability. The planned implementation of high tariffs on goods from Mexico, Canada, and China by US President Donald Trump has caused significant fluctuations in major stock indices.
On Monday, the Japanese yen and Swiss franc strengthened against major currencies amidst a massive sell-off in technology stocks. This movement came as markets assessed the impact of a new open-source artificial intelligence model launched by the Chinese startup DeepSeek.
