Gold fans, rejoice! 🥳 Gold prices have surged to a new record high, reaching $2,951.19 an ounce on Monday. This marks the eleventh time gold has hit a record peak in 2025!
The shiny metal is holding strong around $2,950 per ounce, with investors eyeing the magical $3,000 mark. 💫 In 2025, gold has already climbed more than 12%, making it a hot topic in the investment world.
What's driving this surge? US President Donald Trump's recent tariff plans have sparked concerns about inflation and potential trade wars. As a safe-haven asset, gold becomes more attractive when uncertainty is high. 📉💹
During a press conference, Trump confirmed that tariffs on Mexico and Canada will move forward as scheduled after a one-month delay, set to expire next week.
Adding fuel to the fire, the US dollar index dipped to its lowest level since December 10, making gold more affordable for buyers using other currencies. The index, which measures the greenback against six major currencies, closed slightly lower at 106.597 on Monday.
With gold's upward trend and ongoing economic uncertainties, investors are watching closely to see if the precious metal can break the $3,000 barrier. Stay tuned for more updates on this glittering financial phenomenon! ✨📊
Reference(s):
Gold hits new record highs as US tariffs trigger demand increase
cgtn.com
