Global financial risk is increasing, making gold a safe-haven option for saving money in such scenarios.
Gold price has crossed the landmark price of $3,100, all thanks to the uncertainty brewing in the financial world. On Monday, Gold surpassed $3,100, reaching an all-time high due to strong safe-haven demand amid concerns over Trump’s trade war. Gold in the international market is currently trading at an intraday high of $3,111.
According to reports, Trump is considering imposing higher trade tariffs on several countries when his pre-announced reciprocal tariff plans go live on April 2. In addition, Trump said that if Moscow hinders his efforts to end the Ukraine war, he will impose 25-50% secondary tariffs on Russian oil, and he has threatened Iran with more tariffs and airstrikes if Tehran fails to reach a nuclear deal.
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Source: https://www.financialexpress.com/market/gold-pulse-gold-price-hits-a-new-all-time-high-how-high-can-gold-go-in-2025-3793940/
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