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February 4, 2025

Gold Surges to New Highs Post Tariff Announcements Fueling Safe-Haven Investing

Gold prices reached an unprecedented peak following the imposition of tariffs by U.S. President Donald Trump on Canada, Mexico, and China. Investors are flocking to safe-haven assets as economic uncertainties escalate. This move has solidified gold’s position as a go-to investment during tumultuous times. Analysts from ING emphasize that the surge is driven by strong demand amidst geopolitical tensions. Keeping close tabs on the gold market will be essential for savvy investors looking to leverage potential gains in a boiling market.

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