Gold prices rose to yet another record high Monday, extending a yearslong rally for the precious metal accelerated in recent weeks as President Donald Trump’s tariffs upend global trade policy, and investors and central banks search for safety in the evolving global economy.
by Derek Saul
Forbes
Key Facts
– Spot gold rose to as high as $2,938 per troy ounce on the New York Mercantile Exchange, rising as much as 1.7%.
– Monday’s rally tied to Trump’s imposition of a blanket 25% tariff on all aluminum and tariff imports, the latest in a scorching stretch for gold.
– Up 44% over the last year, gold has been by far the best-performer across a basket of 12 leading global asset classes over the period, according to the BlackRock Investment Institute, most notably trouncing the 22% return for the S&P 500 over the last year, including reinvested dividends.