Gold Climbs to New High as Tariff, Inflation Fears Drive Markets
The price of gold hit a new all-time high this week, going over $3,170 an ounce, ahead of President Trump’s announcement on reciprocal tariffs. The speed at which the precious metal’s price has risen is notable according to analysts, given that this is its best quarterly performance in decades. Researchers at JPMorgan have determined that in 210 days, the price of gold has risen to $3,000 per ounce from $2500. This is quicker than prior increments of $500, which took about 1700 days on average. Over the last 12 months, gold has seen its price increase by over 40%, with…
