Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Gold Hits $3,000 for First Time As Safe Haven From Trump’s Trade War
    Commodities

    Gold Hits $3,000 for First Time As Safe Haven From Trump’s Trade War

    March 14, 20252 Mins Read


    • Gold prices hit $3,000 an ounce for the first time on Friday amid Trump’s trade war tensions.
    • Investors seek gold as a safe haven due to geopolitical risks and tariffs.
    • Central banks, especially China, are likely to keep buying gold, supporting its price rise.

    Gold prices hit $3,000 a troy ounce for the first time on Friday.

    The price of gold — a time-tested safe-haven asset — has hit a series of record highs this year.

    Spot gold rose as much as 0.4% to just over $3,001 an ounce at 6:30 a.m. ET.

    The new peak comes as investors rush to the store of value to hedge against risk from President Donald Trump’s trade war.

    On Thursday, he threatened to impose 200% tariffs on European alcohol imports in retaliation against tariffs the European Union introduced this week.

    EU imposed the tariffs after the US imposed 25% tariffs on all steel and aluminum imports that took effect Wednesday.

    Gold prices have been on a tear, gaining about 15% this year as investors snap up the haven asset over fears of an economic slowdown.

    “Markets are fixated on the fallout of broad tariffs that the Trump administration has levied,” the World Gold Council wrote last month.

    Its analysis showed geopolitical risk rose significantly in January, boosting prices of the yellow metal even on the back of a strong dollar — which typically weighs on dollar-denominated gold.

    This year’s gold rally comes on the heels of strong central bank gold buying, especially from China, last year. This trend is expected to persist this year, supporting gold prices.

    Poland’s central bank bought the most gold last year, snapping up 90 metric tons, according to the World Gold Council. The US holds the most gold, with more than 8,000 tons.

    “Central banks are still buying and will probably continue to do so as geopolitical tensions and the economic climate continue to push them to increase their allocation towards safe-haven assets,” wrote Ewa Manthey, a commodities strategist at ING, last month.

    There are also concerns that Trump’s broad tariffs could apply to gold, further boosting the precious metal’s price.

    “If tariffs on gold are applied, this would lead to higher and more volatile gold prices in the US and a potential reshuffle of trade routes,” wrote Manthey.

    In 2024, Mexico accounted for around 30% of US imports of gold, and Canada for around 15%.

    Get the latest Gold price here.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Tsiaras: Misunderstanding with the Commission’s letter on agricultural subsidies – Farmers should not hide smallpox cases

    Commodities

    Gold & Silver Rate Today: Yellow metal futures within Rs 1,000 of all-time high; indicative spot prices in top cities

    Commodities

    Gold, Silver Prices Today, September 19: Yellow Metal Rises On MCX | Check Latest Rates Today | Savings and Investments News

    Commodities

    Trump policies threaten US clean energy jobs engine, report says

    Commodities

    Chicago soy, corn head for weekly losses on US harvest pressure

    Commodities

    ‘Delicious’ supplement that boosts ‘energy without having trouble sleeping’

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Law firm posts record £166.8m turnover and £59.4m profit while investing in talent, technology and responsible business initiatives

    Cryptocurrency

    Bitcoin Rises Above $62,000 Overcoming Downward Trend

    Cryptocurrency

    Is Bitcoin Still the Gold Standard in Cryptocurrency?

    Editors Picks

    Trucking, copper, cocoa: Volatility roils commodities

    March 26, 2025

    360 ONE Asset’s new multi asset fund: All you need to know

    July 30, 2025

    The Liquid Metal That Beats the Heat

    August 25, 2024

    Agricultural producer prices jump 9.3% in early 2025 — DoS

    June 3, 2025
    What's Hot

    Bitcoin Flat, Ethereum And Dogecoin Jump Even As Stocks Flash Red Amid Nvidia’s Q2 Earnings Beat — Top Crypto Trader Believes ‘Party Is On The Horizon’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    August 29, 2024

    Medical officer loses over RM86,000 to cryptocurrency scam

    March 4, 2025

    IVPA asks Indian government to reinstate standardised pack sizes for edible oils

    April 23, 2025
    Our Picks

    Dow slides as tariffs kick in, Nasdaq rises as Trump signals chip carveout

    August 7, 2025

    13 Best Cryptocurrency Stocks to Buy Now

    March 11, 2025

    Cryptocurrency group claims responsibility for throwing sex toys on the court during WNBA games

    August 8, 2025
    Weekly Top

    Interest on 10-yr Treasury bonds falls below 10% as lending from banks wanes

    September 18, 2025

    Kazakhstan’s Digital Tenge Project Wins Award at Global CBDC Conference

    September 18, 2025

    Gold, Silver Prices Today, September 19: Yellow Metal Rises On MCX | Check Latest Rates Today | Savings and Investments News

    September 18, 2025
    Editor's Pick

    Earth has now passed peak farmland. What’s next?

    September 10, 2025

    Launac. Les métalleux en folie pour le Galem Fest

    July 15, 2025

    Sols, huisseries, métal… À Brest, la Réserve des matériaux brade son stock à moitié prix

    May 29, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.