The price of gold soared past $3,500 per ounce today for the first time in history, driven by ongoing global market uncertainty and renewed tensions between former U.S. President Donald Trump and Federal Reserve Chair Jerome Powell.
At 10:30 local time (EEST/ UTC +3), gold was trading at $3,467.87, after briefly peaking at a historic $3,500.10 earlier in the morning.
Analysts link the surge to growing instability in U.S. financial markets, sparked by political friction and fears of escalating trade wars. With Wall Street faltering, investors are turning once again to gold as a safe-haven asset.
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