Gold prices broke through the $3,100 per ounce mark for the first time, establishing a new all-time high at the beginning of the week. This impressive rise occurred just before President Donald Trump’s anticipated tariff announcement. Analysts at ING, Warren Patterson and Ewa Manthey, confirm that this marks a significant moment in gold trading history.

The demand for gold continues to grow as investors seek a stable asset amid increasing uncertainty. The overcoming of this critical psychological barrier emphasizes gold’s role as a secure investment in volatile financial landscapes.

As traders evaluate market dynamics, the current position of gold will likely remain a topic of significant interest. The ongoing economic climate necessitates a close examination of factors influencing investment decisions surrounding this precious metal.