The gold spot price has surpassed the $3,000 level for the first time in history.
Gold breaching the psychologically significant $3,000 level is a direct response to escalating trade tensions and the growing economic uncertainty that this brings.
Donald Trump’s latest tariff threat, a potential 200% duty on EU alcohol imports, has sent further shockwaves through global markets, fuelling demand for safe-haven assets.
This isn’t just a knee-jerk reaction to individual policies; it’s 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.
With the Trump tariff turmoil spooking markets once again, gold is being chosen as the ultimate shield against political and economic unpredictability.
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