The price of gold surged to an unprecedented peak on Tuesday, crossing the $3,500 mark for the first time in history, as market uncertainty drove investors toward the trusted safe haven asset.
The spike came in the wake of heightened geopolitical and economic tensions, following US President Donald Trump’s imposition of new tariffs and his public criticism of the Federal Reserve. These developments triggered a wave of investor caution, fueling demand for gold.
At its peak, gold hit an all-time high of $3,500.10 per ounce, before easing slightly to settle at $3,467.87. The historic rally underscores gold’s enduring appeal during periods of economic instability and policy unpredictability.
