Gold Climbs as Trump’s Tariff Plans Stoke Trade War Fears

Gold prices recovered to $2,917 per ounce, approaching its recent record of $2,942.70, driven by a weakening dollar and rising trade war concerns.

President Trump’s planned reciprocal tariffs have heightened market uncertainty, while the Federal Reserve maintains its cautious stance on rate cuts.

ANZ analysts project gold could reach $3,000 per ounce this year, as global economic uncertainties continue to support safe-haven demand.