Gold prices have reached new highs, soaring past the crucial $2,800 mark. This upward trajectory reflects increasing economic uncertainty and investor flight to safety due to recent trade tariffs imposed by the US government.

The broader market’s responses indicate a flight to precious metals, suggesting that traders are hedging against potential inflation resulting from the ongoing trade war.

Simultaneously, the US dollar and silver prices have also rebounded from their support levels, showcasing a complex interplay between these markets in response to geopolitical developments.

As the situation continues to evolve, market participants will be closely monitoring economic indicators that could impact gold prices going forward.