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[ Thu, Apr 17th 2025 ]: Fortune
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The Ritz-Carlton Yacht Collection's Ilma

Gold breaks $3,300 as expanding trade war bolsters haven demand

Gold prices surged to a record high on April 16, 2025, driven by increased demand for safe-haven assets amid escalating trade tensions between the U.S. and China. The ongoing trade war, which has seen both countries impose new tariffs on a range of goods, has heightened economic uncertainty and fueled inflation fears, prompting investors to flock to gold as a hedge against potential market volatility. Analysts suggest that the current geopolitical climate, coupled with expectations of continued monetary policy tightening by central banks, is likely to sustain the upward trajectory of gold prices in the near term.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/16/gold-breaks-record-as-expanding-trade-war-bolsters-haven-demand/ ]


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