Gold is breaking records: the price has exceeded $3,250 per ounce

During trading on Friday, the price of gold reached a new all-time high, exceeding the mark of $3,250 per ounce. The intensification of the trade confrontation between the United States and China, as well as the weakening of the US dollar, led to a significant increase in investor interest in safe haven assets.

Experts note that gold has become one of the most attractive instruments on the market in the current conditions. Unprecedented trade tensions have undermined confidence in the dollar, which has increased demand for alternative protective assets, said Liu Yuxuan, a precious metals researcher.

The day before, US President Donald Trump announced an increase in duties on Chinese products to 145%. In response, China has taken similar measures, increasing tariffs on American goods to 125%.