Rise in gold prices follows Trump’s announcement of new trade tariffs
(Web Desk): Gold prices reached a new record on Monday, with one ounce trading at $3,127.88. This surge comes amid uncertainties in the market related to US trade policies.
Since US President Donald Trump took office on January 20, gold has risen by about 15%. The price of gold started 2025 at $2,620, gaining $506 so far this year. In 2024, gold prices increased by 27%, and in the first few months of 2025, they have already gone up by nearly 19%.
The rise in gold prices follows Trump’s announcement of new trade tariffs. While speaking aboard Air Force One on Sunday, Trump said that his new tariffs would apply to "all countries," surprising markets that expected only a few nations to be affected. Last week, Trump imposed a 25% tariff on all auto imports, which is in line with his long-standing criticism of international trade practices. Experts believe that the ongoing trade tensions and economic uncertainty are pushing investors to turn to gold as a safe investment.
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