Investor sentiment toward trade policy, inflation, interest rates, and equity volatility will continue to shape bullion’s trajectory.
by Peter C. Earle
The Daily Economy
Gold has surged to a new all-time high, breaking through $2,911.72 per ounce on a thick mix of domestic and foreign uncertainty, inflation concerns, and a shifting macroeconomic landscape. While bullion has historically served as a safe-haven asset, the latest rally is not merely a reaction to market turbulence but instead to a confluence of economic and financial factors that reinforce its role in global portfolios.
Gold price per oz, USD (Jan 2015 – present)
[…] One of the primary catalysts behind gold’s latest rally is the renewed threat of tariffs on steel and aluminum, announced by President Donald Trump over the weekend. Those tariffs, along with potential levies on the growing bloc of BRICS nations if they move away from the dollar usage, have heightened global economic uncertainty.