Gold’s reputation as a safe haven asset has been tested again as global economic uncertainty and geopolitical tensions lure investors toward the ancient precious metal.
Gold reached a record high of $3,177.50 per ounce on Thursday, driven by factors ranging from tariff uncertainty to inflation concerns. U.S. consumer sentiment has worsened significantly in April, with 12-month inflation expectations surging to their highest level since 1981, fueled by concerns over escalating trade tensions and the rising cost of goods.
