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International Business Times UK
International Business Times UK
Business
Bernadette B. Tixon

Record Gold Prices Fuelled by Trump's Trade Turmoil Driving New Amazon Mining Invasion

Gold’s 2026 rally, partly tied to Trump’s trade turmoil, is driving illegal mining deeper into Brazil’s Amazon, officials warn. (Credit: Image AI Generated thru Microsoft CoPilot)

Gold has surged to repeated record highs through 2026, and the official leading Brazil's crackdown on illegal Amazon mining says the rally, fuelled in part by the economic uncertainty unleashed by Donald Trump's trade policies, is pulling more prospectors into protected Indigenous land.

Nilton Tubino, the government's eviction chief under President Luiz Inácio Lula da Silva, said during a visit to the Sararé Indigenous territory that the price of bullion and wider global instability were feeding the invasion of the south-western Amazon.

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