Geopolitical Uncertainty and US Economic Concerns Fuel Gold’s Record-Breaking Surge
Geopolitical Uncertainty and US Economic Concerns Fuel Gold’s Record-Breaking Surge Gold prices reached a record high above $3,500 per troy ounce on April 21st, 2025, marking a 30% increase year-to-date. This surge follows a prolonged rally from a 2.5-year low in October 2022, driven primarily by escalating geopolitical tensions and concerns about the US economy. The Trump administration’s imposition of significant tariffs on numerous trading partners, culminating in a “Liberation Day” announcement on April 2nd, 2025, significantly exacerbated existing trade…