Move over, Bitcoin—gold is having its main character moment! 💸 The precious metal surged to a fresh all-time high of $2,956.15 per ounce on Monday, marking its 11th record peak this year alone. With prices now flirting with the $3,000 milestone, analysts are calling this the 'great safe-haven revival' of 2025.
Why the glittering rally? Investors are pivoting to gold as US President Donald Trump doubles down on tariffs for Mexico and Canada. Markets fear these moves could trigger inflationary pressure and trade tensions—classic ingredients for bullion's 'panic buy' recipe. 📈
Meanwhile, the US dollar index just hit its weakest level since December 2023, making gold cheaper for buyers using euros, yen, or other currencies. 'When the dollar sneezes, gold catches a cold—or in this case, a turbocharged rally,' quipped one trader.
With gold already up 12% this year, all eyes are now on whether the $3,000 psychological barrier will crack. One thing's clear: in a world of trade wars and shaky currencies, this ancient asset is feeling very 2025. 🔥
