Gold price exceeds $3,000: Investors in turmoil!

Gold price exceeds $3,000: Investors in turmoil!

Gold prices have reached an all-time high today, breaking through the significant $3,000 mark. This unexpected development is significantly influenced by ongoing geopolitical tensions and the aggressive tariff policy of the US government under Donald Trump. According to information from Cosmo The price of a troy ounce of gold rose to $3,001.20 on the London Stock Exchange in the morning, which corresponds to around 2,771 euros. Since the beginning of the week, the price of gold has risen over $80 and shows an increase of more than ten percent since Trump took office in January.

The ongoing uncertainty in the global economic environment, particularly the escalating conflict in Ukraine and the repeated announcements of new tariffs by the US government, are driving demand for gold as a safe haven. According to the report by Mirror These factors are fueling a gold rally that could potentially further destabilize the financial markets.

Demand for gold remains strong as investors look for stable investment opportunities as geopolitical tensions continue to rise. Developments in the gold market could have far-reaching effects on the global economy and investors' strategies.