Gold Futures Soar to Record Highs Amid U.S. Tariff-Fueled Trade Tensions
By Anmol Choubey (GudangMovies21) - On Thursday, U.S. gold futures reached an all-time high as investors turned to this secure asset class amid rising global trade conflicts and falling stock markets after U.S. President Donald Trump declared additional tariffs on automobiles. U.S. gold futures increased by 1.1%, reaching $3,056.10, following an unprecedented peak of $3,065.50 during the trading session. Meanwhile, spot gold advanced to $3,047.89 per ounce at 09:10 a.m. ET (1310 GMT). Historically, gold has been viewed as a safeguard during times of economic and political instability and tends to perform well when interest rates are low. This year, gold spot prices have reached 16 new records, peaking at an unprecedented level of $3,057.21 on March 20th. "It seems we'll witness gold futures reach $3100 soon, primarily due to safe-haven buying," caused by uncertainties surrounding Trump's tariff proposals, explained Bob Haberkorn, senior market strategis...