RE: $3000 !!14 Mar 2025 11:11
Gold traded reached an all-time high of $3,004,41 an ounce on Friday morning on escalating trade tensions and the growing economic uncertainty that this brings.
US President Donald Trumpโs latest tariff threat, a potential 200% duty on EU alcohol imports, has sent further shockwaves through global markets, fuelling demand for safe-haven assets, Solomon Global managing director Paul Williams said in an emailed statement.
"This isnโt just a knee-jerk reaction to individual policies; itโs investors seeking protection against systemic risk. Given the current momentum, gold at $3,500 by summer and $4,500 within the next year are in the realms of possibility," Williams wrote.
"With the Trump tariff turmoil spooking markets once again, gold is being chosen as the ultimate shield against political and economic unpredictability.