Gold prices have reached unprecedented heights, up a substantial 40% increase from a year ago and a 19% rise since the beginning of 2025. This surge comes as global markets continue to decline due to growing anxiety over President Trump’s protectionist trade policies, with his latest round of tariffs scheduled for implementation on Wednesday—a day he’s dubbed “Liberation Day.”
Investors are increasingly turning to gold as a safe haven during this period of economic uncertainty. Market confidence has been steadily eroding since the start of the year, with both businesses and consumers expressing concerns about inflation and the impact of tariffs. The trade war escalation has created significant volatility, with economists warning that consumers will ultimately bear the costs through higher prices.