Gold prices have achieved their tenth record high this year, climbing to $2,954.69 per ounce as investors react to President Trump’s latest trade threats and geopolitical tensions.
The precious metal’s 12% rise in 2024 reflects growing market anxiety over potential new tariffs on multiple sectors, including lumber, automobiles, semiconductors, and pharmaceuticals.
Analysts view the $3,000 mark as an inevitable milestone, with the current $2,950 level representing the last technical resistance.