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Gold Surges to $3,385 as Israel-Iran Tensions and Trump Tariff Threats Rattle Markets

Is 2025 the New 1979? Why Gold Could Be Set to Double Again
Is 2025 the New 1979? Why Gold Could Be Set to Double Again

Gold jumped to $3,385.27 per ounce Thursday (up 0.9%) as global markets reacted to two major developments:

• Middle East tensions escalated with reports of Israel preparing military action against Iran, prompting partial US embassy evacuations in Iraq. Iran announced new uranium enrichment plans after UN censure.

• President Trump confirmed new tariffs on multiple US trading partners within two weeks, while maintaining current tariff levels with China under a completed trade framework.

Eight more from the desk

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