Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Gold price hits record high as investors seek safe havens amid tariff fears

by April 17, 2025
April 17, 2025
Gold price hits record high as investors seek safe havens amid tariff fears

The price of gold soared to an all-time high on Wednesday, breaching the $3,300 mark for the first time as growing global trade tensions sent investors scrambling for safe-haven assets.

The surge came alongside a weakening US dollar and renewed uncertainty over President Trump’s proposed tariffs on critical minerals.

Gold climbed by $107.90, or 3.4 per cent, to $3,326.60 per troy ounce—marking not only a historic high but also the steepest daily gain since April 2020. The rally brings gold’s total rise to nearly 6 per cent, or $200 per ounce, since Trump signalled a sweeping new wave of global tariffs.

The dollar index, which tracks the US currency against six international peers, fell 0.65 per cent to its lowest level since April 2022. A weaker dollar makes gold more attractive to international buyers by lowering the cost of purchase. The pound gained 0.44 per cent against the greenback to reach $1.32—its highest point since October last year.

The latest spike in gold prices is being driven by mounting fears that Trump’s trade policies could reignite economic uncertainty. His latest threat—to impose tariffs on all imports of critical minerals, a market heavily controlled by China—has rattled investors and intensified the flight to more secure assets.

Goldminers listed in London were quick to benefit. Shares in Endeavour Mining rose 6.4 per cent, while Fresnillo added 2.2 per cent, helping to lift the FTSE 100 by 26.48 points, or 0.3 per cent, to close at 8,275.60—its fifth consecutive day of gains.

While the FTSE 100 rose on the strength of global commodity stocks, the more domestically focused FTSE 250 dipped slightly, down 2.13 points to 19,265.81.

Gold has been on a sustained upward trend since the start of 2023, underpinned by geopolitical tensions and persistent investor demand for stability. Its appeal lies in its scarcity and inherent value—unlike currencies, which central banks can print, gold supply is fixed. That finite quality has made it a go-to asset in times of volatility.

Central banks have also been quietly increasing their gold reserves, contributing further to demand. At the same time, the prospect of interest rate cuts by major central banks has reduced the opportunity cost of holding non-yielding assets like gold, adding fuel to its rally.

Investor sentiment was further buoyed by political signals from the US. On Tuesday, JD Vance, vice-president under Trump, raised hopes for a post-Brexit trade agreement, stating there was a “good chance” of a “great” trade deal between the UK and the US because “Trump loves the United Kingdom”.

With the dollar under pressure and the outlook for trade relations murky, gold’s momentum shows no sign of abating. For now, investors appear to be doubling down on what they know best: when in doubt, buy gold.

Read more:
Gold price hits record high as investors seek safe havens amid tariff fears

0
FacebookTwitterGoogle +Pinterest
previous post
Investors retreat from US stocks and dollar as Trump’s tariff war sparks global market unease
next post
Strava acquires UK running app Runna in multimillion-pound deal

You may also like

How Can Automation Bring A Transformative Change In...

September 20, 2024

Tory Welfare Reforms Cost Working-Age Families Thousands, Pensioners...

June 13, 2024

Lloyds CEO applauds Treasury move to tackle motor...

January 24, 2025

How SMEs are adapting their recruitment approach to...

March 19, 2024

Consumers Show Increased Confidence as Retail Sales Decline...

February 27, 2024

A Comprehensive Guide to Establishing an LLC in...

November 17, 2023

Fall in hiring raises recession alarms as Reeves...

March 17, 2025

Women in board roles at UK’s biggest listed...

February 28, 2023

Bramble Energy secures £12M to provide first-of-its-kind technology...

May 9, 2023

Can Mike Malott Become Canada’s Next UFC Superstar?

May 26, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Amazon commits £40bn to UK expansion with new fulfilment centres, studio upgrades and tech investment

      June 24, 2025
    • HSBC faces £150m dilemma over office space as return-to-work drive clashes with post-pandemic downsizing

      June 24, 2025
    • Trump admin secures pledge from 75% of health insurers in bid to improve patient care

      June 23, 2025
    • Trump hails ‘monumental’ damage as experts await verdict on Iran’s nuclear program

      June 23, 2025
    • The FDA’s Biosimilar Burden—and How Congress Can Lift It

      June 23, 2025
    • Election Policy Roundup

      June 23, 2025

    Categories

    • Business (8,289)
    • Investing (2,064)
    • Politics (15,766)
    • Stocks (3,164)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved