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Gold Soars Beyond $2,900 As Trump Threatens Fresh Tariffs

UNITED STATES – Gold prices broke the $2,900 mark for the first time Monday, riding a record rally fueled by safe-haven buying.

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1 year ago

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UNITED STATES – Gold prices broke the $2,900 mark for the first time Monday, riding a record rally fueled by safe-haven buying.

Investors are reportedly spooked by president Trump’s new 25% tariffs on steel and aluminum, which have raised fresh concerns about trade wars and inflation.

Spot gold hit about $2,905 per ounce, while futures closed near $2,934, marking the seventh record high this year.

Some experts are predicting prices could soar to $3,250 or even $3,500.

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