Gold Price Nears Record High as Tariff Tension Grows
Gold is gaining momentum, trading higher today following a period of stability above $3,000. The rise is fueled by market uncertainty surrounding potential tariffs proposed by President Trump. As investors perceive rising risks in the market, gold becomes a favorable choice. This precious metal stands out as a safe haven amid ongoing volatility and speculation. Current trading shows gold holding strong as it approaches record price levels, prompting traders to evaluate their positions closely on XAU/USD.