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Gold Prices Surge to Record High of $2,931 as Trade Tensions Escalate

  • Gold prices reached a record high of $2,931 on February 11, as investors sought safe-haven assets after U.S. President Donald Trump imposed new 25% tariffs on steel and aluminum imports, raising trade war concerns and inflation risks.
  • Spot gold increased to $2,939.80 per ounce, while U.S. Gold futures rose to $2,966.00, reflecting a strong demand for gold amid economic uncertainties.
  • Kyle Rodda, a financial market analyst at Capital.com, stated that the risk of a global trade war is influencing trading behavior, driving markets to seek exposure to gold as part of a de-dollarization theme.
  • Lukman Otunuga, a senior research analyst at FXTM, noted that while tariff fears could support silver prices, industrial demand may decline due to Trump's tariffs.
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The Globe & MailThe Globe & Mail

Premarket: Gold at record, stocks mixed as investors weigh Trump’s latest tariff threat

Fed Chair Powell to speak Tuesday

·Canada
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QuartzQuartz

The Nasdaq slips as Trump's trade war heats up, while gold rises to a record high

The Nasdaqand other stock market indices were down Tuesday afternoon following President Trump’s approval of tariffs on steel and aluminum earlier in the week. The European Union, meanwhile, has vowed to retaliate against the President’s tariffs. Read more...

·United States
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Emirates24|7Emirates24|7

Trump's fresh tariffs catapult gold prices to record peaks

Gold prices soared to a record high on Tuesday, as investors flocked to the safe-haven asset after U.S. President Donald Trump imposed new 25% tariffs on steel and aluminium imports, fuelling concerns over a potential trade war and inflation. Spot gold was up 1.1% at $2,939.80 per ounce, as of 0229 GMT, after hitting a record high of $2,942.70 earlier in the session. U.S. gold futures also climbed 1.1% to $2,966.00. Trump substantially raised ta…

·Dubai, United Arab Emirates
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The Straits TimesThe Straits Times

Trump’s fresh tariffs catapult gold prices to record peaks amid trade war, inflation risks

Bullion hit a record high of US$2,942.70 per ounce.

·Singapore
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🔔 The Liberty Daily🔔 The Liberty Daily

Gold and Silver Skyrocket as President Trump's New Tariffs Signal Protracted Trade War - 🔔 The Liberty Daily

Note: The information provided by The Liberty Daily or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice. The Liberty Daily benefits from purchases made through our sponsors. President Donald Trump will be imposing a 25% tariff on steel and aluminum imports today. White House spokeswoman Karoline Leavitt said that t…

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WLTReportWLTReport

The ONLY Two Gold Companies I Proudly Partner With * 100PercentFedUp.com * by Noah

Discover the only two gold companies I trust for investing in physical gold and silver. With gold at all-time highs, now is the perfect time to secure your financial future. Read on to learn more!

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archyde broke the news in on Saturday, February 8, 2025.
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