Gold price hit record high over 3,000 US

Gold achieved a record price on Friday when frightened investors hurried to a safe harbor because they feared that President Trump's tariffs could heat inflation and cause an economic slowdown.

The precious metal exceeded 3,000 US dollars per ounce for the first time before he went into this threshold after trading in the afternoon.

Gold's tie as a safe harbor in the third quarter of this year could increase to a record high of 3,500 US dollars per impact this year, according to Macquarie strategists, which increased their gold price prospects.

RBC Capital Markets strategists also lifted their gold price forecasts to $ 2,844 per ounce in 2025, a minor increase of 1% compared to their previous prediction and 3,111 per ounce in 2026, an increase of 8% compared to their initial estimate.

There are also fears that tariffs can be imposed directly on gold imports, so that companies hurried after stocks, which led to a massive gold river from overseas refineries to US warehouses.

According to Victoria Hasler, head of fund research at Hargreaves Lansdown, the central banks all over the world have also bought gold, another factor that contributed to increasing the price.

“It is probably certain that at least part of the reason is the desire to diversify the reserves of US dollar away,” she told BBC News.

In the meantime, the S&P 500 fell into a correction on Thursday that fell about 10% last month because the uncertainty about Trump's back and forth craft policy led to massive sale.

Tech shares, especially the “great 7” companies, including big names such as Apple and Tesla, have made more than 1.5 trillion dollars on their combined evaluation since the beginning of 2025 after they have made enormous profits last year.

Trump's threatened tariffs in Canada and Mexico, which currently have a 30-day break. its strong 20% ​​delivery to China; And its stiff 25% tariffs for aluminum and steel tariffs across the board were quickly bumped into with retaliation.

Most recently, the President threatened up to 200% tariffs for alcoholic products from the European Union on Thursday, after the federal states proposed a 50% tax for US whiskey.

“While the general uncertainty and the deteriorating economic mood improve the interest in gold, most of the gold actions of gold concern the uncertainty in connection with the tariffs,” said Helima Croft, head of the global raw material strategy at RBC Capital Markets, in a research note.