Gold prices hit a record high near $3,150 an ounce at the start of the second quarter, continuing a four-day winning streak.
This surge comes as investors seek safe-haven assets amid concerns over President Trump’s planned announcement of sweeping tariffs against all U.S. trading partners on Wednesday.
Gold has been one of the strongest performing commodities in 2025, with its best quarter since 1986 in the first three months, driven by consistent central bank buying and increased demand during geopolitical and economic uncertainties.