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Gold Touches Historic $2,941 High in Volatile Trading

Gold prices surged to a historic high of $2,941 per ounce during Asian trading on Tuesday before quickly retreating $30 to $2,910.

The volatile movement came in response to President Trump’s announcement of 25% tariffs on steel and aluminum imports, with traders concerned about potential future tariffs on gold.

The day’s volatile trading pattern underscores both the strong bullish sentiment driving gold to new heights and the market’s sensitivity to rapid price increases.

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Videos

Almost Nobody Owns Gold. What Happens If That Changes? 

Gold prices are rising, yet most investors still hold very little of the metal. With average gold allocation in portfolios around 2%, even small shifts in capital could have an outsized impact on prices. Here’s what the data suggests about gold’s next move.

Read More »
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Gold dropped 4% as the dollar claimed the safe-haven trade. With oil surging, the Strait of Hormuz under threat, and the Fed trapped between inflation and a slowdown, here’s what today’s market chaos means — and why the calculus could shift.

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