Gold has set a new historical record amid the introduction of new US tariffs, which have exacerbated fears of a global trade war. These circumstances have increased the demand for the metal, which is a protective asset in the face of economic uncertainty. Since the start of trading, the spot price of gold has increased by 0.36%, reaching $3067 per ounce, and during the session it updated the record to $3111. During the week, the metal rose by 2%, continuing to rise for the fourth week in a row. Experts attribute the increase to uncertainty around tariffs, a likely reduction in interest rates, geopolitical conflicts and the purchase of gold by central banks. Analysts emphasize that the US trade policy and the slowdown in the global economy are playing into the hands of the yellow metal. An additional factor was the tariffs, which are due to take effect on April 2 and may increase inflation, slow down economic growth and exacerbate trade disputes. Experts continue to predict a bullish trend for gold, which retains a strong position against the backdrop of macroeconomic instability.
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