The price of gold continues its upward trajectory, reaching new record highs as global economic concerns intensify following trade tensions sparked by Trump’s tariff policies.
As of Wednesday afternoon, the spot price for an ounce of gold surged to $3,118 (£2,392), reflecting a 0.3% increase.
This rise isn’t solely attributed to trade uncertainty—it is also driven by geopolitical instability in the Middle East and Europe.
Earlier this month, gold surpassed the $3,000 mark for the first time, signaling strong investor demand.
Widely regarded as a safe-haven asset, gold tends to attract investors during periods of economic volatility and market turbulence.