Gold surpassed $3,000 an ounce for the first time on Friday as investors flocked to the safe-haven asset amid economic uncertainty fueled by President Trump’s tariff war. Prices briefly hit $3,004.86 before retreating as traders took profits.
The surge was driven by stock market turmoil, central bank demand—particularly from China—and expectations of Federal Reserve interest rate cuts. Analysts predict continued strong investment demand due to geopolitical risks, inflation concerns, and market volatility.
