Gold prices have reached a historic high of $3148.542 per ounce on April 1, 2025, driven by investor concerns over impending reciprocal tariffs announced by U.S. President Donald Trump. These tariffs, set to be detailed on April 2, are expected to increase inflation and slow economic growth, prompting investors to seek safe-haven assets like gold.
Spot gold rose 0.6% to $3,143.05, while U.S. gold futures climbed to $3148.542, marking the strongest quarter for bullion since 1986. This surge has significantly benefited traders, many of whom have profited from the market volatility.
The sharp rise in gold prices reflects growing caution among investors as they prepare for the economic impact of the tariffs. While some technical indicators suggest the market may be overextended, ongoing uncertainties could keep gold’s upward momentum intact, with the potential to test the $3,200 level soon.
Overall, geopolitical tensions and trade concerns have pushed gold to record highs, reinforcing its status as a reliable safe-haven asset in times of economic uncertainty.
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