Gold’s price recently surged to a new all-time high, exceeding $2,990 per ounce amidst turbulent market conditions. This represented a weekly gain of over 2.5%, reflecting increasing demand for bullion.

The surge coincides with heightened tensions in international trade as US President Donald Trump announced steep tariffs on European wines and champagne. This scenario has driven investors toward gold, seeking stability in uncertain times.

The implications of this rally span various facets of the market, urging traders to adapt strategies accordingly and stay informed about ongoing fluctuations.