Get access to our best features
Get access to our best features
Published

Gold price hits new record over $2850 on tariff uncertainty

  • The price of gold reached a new record of $2,853 an ounce, surpassing the previous high of $2,790 from late October.
  • Gold's surge was influenced by uncertainty surrounding U.S. President Donald Trump's economic policies and a weaker dollar following a disappointing U.S. Growth report.
  • Susannah Streeter from Hargreaves Lansdown stated that gold is seen as a safe haven asset amid inflationary concerns and potential tariff impacts.
  • Record gold prices have led to a significant increase in the recycling of the precious metal, as investors seek shelter from economic unpredictability.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources lean Left, 40% of the sources lean Right
40% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)