Trump’s Tariff Plans Drive Gold Prices Higher As Economic Fears Intensify

Gold prices surged to another record Monday as investors poured money into the precious metal, according to the Associated Press. The spike comes amid growing fears over President Trump’s tariff policies, which have rattled global markets and sent stocks tumbling. Trump's so-called "Liberation Day" tariffs rolled out on Wednesday and have fueled anxieties about inflation and economic uncertainty. Spot gold is up 19% since January and about 40% higher than a year ago, while gold futures climbed even higher. While some view gold as a haven during market turmoil, experts caution that precious metals are volatile assets, not without risk.