Gold Surges to Record Highs
Gold and silver prices jumped to all-time highs as investors rushed into safe-haven assets amid rising geopolitical and trade tensions. This was triggered by U.S. President Donald Trump’s announcement of new tariff threats on several European countries linked to his attempt to pressure a deal over Greenland.
📉 Market Reaction
Global equity markets and the U.S. dollar weakened, which typically boosts demand for precious metals.
Investors sold risk assets and shifted into gold and silver, seen as hedges against uncertainty.
📊 Price Movement
Spot gold climbed to near $4,690 an ounce and still trading at elevated levels.
📈 Why Gold Price is Surging
-Geopolitical & trade risk: Fear of a broader trade conflict between the U.S. and Europe has boosted safe-haven buying.
-Risk aversion: Falling stock markets and a weaker dollar have increased appetite for gold.
-Safe-haven demand: Investors seek protection against inflation, policy uncertainty, and macro risk.
🎯 Price Targets
Some analysts believe gold could reach $5,000/oz within the next few months if current risk premiums persist.