Gold Hits Another Dazzling Record as Trump Tightens Tariff Grip
Just this week, the precious metal surged past £2,342 (about $3,080), thanks to President Trump’s latest tariff announcements that left markets scrambling for a safe‑haven. Investors, wary of the economic shake‑up, turned to gold like a grandma locking her necklace away before a storm.
Why Gold Keeps Rising
Over the past year, geopolitical tensions and flurry of economic news have kept the gold bar on the hot‑seat. Every new policy tweak or trade‑war headline sends more people into the vault. Physical gold demand now outstrips the old cash‑based ETFs. Unlike those digital‑style gold funds, investors now prefer to hold the real sparkle in their hands.
- Trump’s tariffs make the dollar feel shaky.
- US buyers relocate their assets abroad, creating a “vault migration” that’s more about convenience than supply crunch.
- Central banks, staying as prudent as ever, continue buying gold aggressively.
Rick Kanda’s Crystal Ball
Managing Director at The Gold Bullion Company, Rick Kanda, says the trend is no accident. “When economic uncertainty hits the headlines, investors grab gold like they’re grabbing the last slice of pizza at a party,” he explains.
Rick predicts gold could reach $3,500 by the end of 2025, especially if the tariff wars keep flowing. He notes that central banks will keep buying gold, which will push the price higher. “It’s a classic trove‑matter scenario—more instability, more treasure hoarded,” he jokes.
What This Means for 2025
2025 looks set to be another record‑setting year for gold. Traders can expect a continued climb, as the dollar feels less stable and the global market remains topsy‑turvy. If you’re holding gold, rejoice—your precious metal is proving its worth time and again.
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