Gold is up 12% between 2 January 2 2025 ($2622.895) and today, and trading within $10 of its all-time high.
Trump market mayhem, driven by the latest developments surrounding trade tariffs and retaliatory measures, is pushing gold towards a fresh all-time high.
With escalating trade wars threatening to destabilise global markets further, investors are seeking safe-haven assets and central banks are continuing to up their gold reserves (China’s central bank increased its gold reserves for the fourth straight month in February).
As a time-tested store of value, gold becomes an increasingly attractive option in this environment.
As geopolitical tensions rise and economic uncertainty deepens, the growing volatility is likely to drive even more investors toward gold as the ultimate hedge against both market instability and geopolitical risks.
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