The price of gold, considered a shelter par excellence in contexts of global uncertainty, came to touch the US $ 3,201,15 and then go back and be located again below the US $ 3,200.
Gold reached a new historical record on Wednesday by first overcoming the U $ 3,200 per ouncedriven by the strong escalation of commercial tensions after the president of the United States, Donald Trumpwill announce a base tariff of all importsin addition to higher rates aimed at countries with commercial surplus with the US.
The price of precious metal, considered a shelter par excellence in contexts of global uncertainty, He touched the US $ 3,201,15 to then go back and be located below US $ 3,200 (near US $ 3,172).
The golden milestone occurred after Trump declared a National Economic Emergency and display a high voltage tariff package: 34% to China, 32% to Taiwan, 25% to South Korea, 24% to Japan and 20% to the European Union.
The measure – justified by the president under the International Emergency Powers Law of 1977— shook financial marketsturned on fears of an extended commercial war and fired the demand for assets considered safe.
“Our country has been looted, caught, raped, sheared,” Trump said in a speech at the White House, with an unusually aggressive tone even for his standards. He promised that the new “reciprocal” tariffs will end what he defined as half a century of commercial abuse and will allow the return of the industry to the United States.
The announcement occurred in a context in which the American commercial deficit reached the USD 1.2 billion in 2024and just when the markets were in “Wait and See” mode regarding the course of the Federal Reserve. Now, with the new uncertainty front, Analysts project that gold could extend their rally If commercial reprisals begin to materialize or if inflationary pressure is exacerbated.
At the same time, the movement reinforces the tendency of recent months: the ounce of gold accumulates a up higher than 12% so far this yearunderpinned by purchases of central banks, geopolitical conflicts and expectations of rates cuts by the Fed.
Source: Ambito
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