Gold hit a two-week high on Tuesday, reaching $3,374.78 per ounce as investors flocked to safe havens following President Trump’s new tariff announcements.
The rise comes amid ongoing trade tensions and dollar reserve currency concerns. Having reached a record $3,500.05 last month, analysts predict gold will test these heights again this year.
Markets now await Wednesday’s Federal Reserve meeting, where Chair Powell’s comments will be closely watched for signals on potential rate cuts, though no immediate change is expected.