Gold Surges to Historic Highs as Investors Flee to Safety
Gold prices surged towards $2,800 per ounce, setting a new record. Buyers flocked to this safe-haven asset amid rising trade war fears instigated by U.S. President Donald Trump. As the market reacted to the impending tariffs on Canada and Mexico, the demand for gold intensified, pushing its value higher. Investors are increasingly concerned about the global economic ramifications of a renewed trade conflict, especially with Trump’s threats to escalate tariffs against BRICS nations. As we look ahead, gold remains a focal point for investors seeking stability in an unpredictable market environment.
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